About Citadel Defense
Citadel Defense is a company based in San Diego (United States) founded in 2016 by Daniel Magy was acquired by BlueHalo in November 2021.. Citadel Defense has raised $25.75 million across 4 funding rounds from investors including Lightspeed Venture Partners, BlueHalo and John Vrionis. Citadel Defense operates in a competitive market with competitors including Epirus, D-Fend Solutions, Fortem Technologies, DroneShield and Dedrone, among others.
- Headquarter San Diego, United States
- Founders Daniel Magy
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Sectors
Aerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Citadel Defense Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.75 M (USD)
in 4 rounds
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Latest Funding Round
$12 M (USD), Series A
Feb 27, 2018
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Investors
Lightspeed Venture Partners
& 4 more
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Employee Count
Employee Count
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Acquired by
BlueHalo
(Nov 08, 2021)
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Funding Insights of Citadel Defense
Citadel Defense has successfully raised a total of $25.75M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $12.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series A - Citadel Defense | Valuation |
investors |
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| Aug, 2017 | Amount | Series A - Citadel Defense | Valuation | John Vrionis , Larsen Jensen | |
| Apr, 2017 | Amount | Seed - Citadel Defense | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Citadel Defense
Citadel Defense has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, BlueHalo and John Vrionis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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12-18 month incubation programs are provided for startups in California.
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Founded Year | Domain | Location | |
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JV
John Vrionis |
Venture capitalist at Unusual Ventures, active angel investor in tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Citadel Defense
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Citadel Defense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Citadel Defense Comparisons
Competitors of Citadel Defense
Citadel Defense operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Epirus, D-Fend Solutions, Fortem Technologies, DroneShield and Dedrone, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of high-power microwave systems for electronic warfare and air defense
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| domain | founded_year | HQ Location |
Autonomous counter-drone systems are developed for perimeter security.
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| domain | founded_year | HQ Location |
Counter-UAS and onboard radar systems for UAVs are supplied.
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| domain | founded_year | HQ Location |
AI-powered counter-drone systems are provided for unauthorized drone detection.
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| domain | founded_year | HQ Location |
AI-based smart airspace security solutions are provided by Dedrone.
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| domain | founded_year | HQ Location |
Live and virtual training simulations for defense are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Citadel Defense
Frequently Asked Questions about Citadel Defense
When was Citadel Defense founded?
Citadel Defense was founded in 2016.
Where is Citadel Defense located?
Citadel Defense is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Citadel Defense?
Daniel Magy is the current CEO of Citadel Defense. They have also founded this company.
Is Citadel Defense a funded company?
Citadel Defense is a funded company, having raised a total of $25.75M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.75M, raised on Nov 09, 2016.
What does Citadel Defense do?
Citadel Defense was founded in 2016 in San Diego, United States, within the drone defense sector. AI and machine learning-based counter-unmanned aerial systems are provided, with operations conducted across 13 countries. Drone threats are detected, identified, tracked, and neutralized by the C-UAS solution, including the Titan system, which operates autonomously without requiring specialized training. Military, government, and commercial infrastructure sectors are served internationally.
Who are the top competitors of Citadel Defense?
Citadel Defense's top competitors include Zen Technologies, Epirus and Big Bang Boom Solutions.
Who are Citadel Defense's investors?
Citadel Defense has 5 investors. Key investors include Lightspeed Venture Partners, BlueHalo, John Vrionis, Larsen Jensen, and EvoNexus.