About Echodyne
Echodyne is a company based in Kirkland (United States) founded in 2014.. Echodyne has raised $201.98 million across 6 funding rounds from investors including Northrop Grumman, National Education Association and Baillie Gifford. The company has 129 employees as of December 31, 2023. Echodyne offers products and services including EchoShield, EchoGuard, EchoGuard CR, EchoFlight, and Custom Radar. Echodyne operates in a competitive market with competitors including Swift Navigation, Metamaterial, Metalenz, Belzona and Involi, among others.
- Headquarter Kirkland, United States
- Employees 129 as on 31 Dec, 2023
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Sectors
TechnologyChemicals & Materials Aerospace, Defense & Maritime
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Email
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Phone
*********
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Website
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Social
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- Legal Name Echodyne Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$201.98 M (USD)
in 6 rounds
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Latest Funding Round
$135 M (USD), Series C
Jun 10, 2022
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Investors
Northrop Grumman
& 11 more
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Employee Count
129
as on Dec 31, 2023
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Products & Services of Echodyne
Echodyne offers a comprehensive portfolio of products and services, including EchoShield, EchoGuard, EchoGuard CR, EchoFlight, and Custom Radar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides advanced radar for security and situational awareness.
Offers radar for counter-drone and base security applications.
Delivers specialized radar for critical infrastructure protection.
Supports airborne and UAV systems for enhanced detection.
Provides tailored radar solutions for various commercial needs.
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Software Development Team
10 people
Leadership Team
7 people
Sales and Marketing
7 people
Finance and Accounting
3 people
Advisor Team
3 people
Human Resources and Administration
2 people
Creative and Marketing Team
2 people
Product Management Team
1 people
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Funding Insights of Echodyne
Echodyne has successfully raised a total of $201.98M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $135 million completed in June 2022. 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 6
- Last Round Series C — $135.0M
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First Round
First Round
(19 Dec 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series C - Echodyne | Valuation | Baillie Gifford , Bill Gates | |
| Feb, 2020 | Amount | Series B - Echodyne | Valuation | Kensington Capital Partners , Vanedge Capital |
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| Sep, 2019 | Amount | Series B - Echodyne | Valuation | Vanedge Capital |
| 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 Echodyne
Echodyne has secured backing from 12 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Northrop Grumman, National Education Association and Baillie Gifford. 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 AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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Private equity investments are backed by a single-family office firm.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in US and Canadian companies.
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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 Echodyne
| 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 - Echodyne
| 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 |
Echodyne Comparisons
Competitors of Echodyne
Echodyne 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 Swift Navigation, Metamaterial, Metalenz, Belzona and Involi, 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 |
Provider of positioning and navigation solutions for farm tractors
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| domain | founded_year | HQ Location |
Metamaterials are manufactured and applied across various industries.
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| domain | founded_year | HQ Location |
Meta-optic materials are manufactured for applications in sensing and electronics.
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| domain | founded_year | HQ Location |
Produces high-quality protective coatings and composite materials.
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| domain | founded_year | HQ Location |
Air traffic awareness and collision avoidance system for drones
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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 Echodyne
Frequently Asked Questions about Echodyne
When was Echodyne founded?
Echodyne was founded in 2014.
Where is Echodyne located?
Echodyne is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
Is Echodyne a funded company?
Echodyne is a funded company, having raised a total of $201.98M across 6 funding rounds to date. The company's 1st funding round was a Series B of $19.98M, raised on Dec 19, 2014.
How many employees does Echodyne have?
As of Dec 31, 2023, the latest employee count at Echodyne is 129.
What does Echodyne do?
Echodyne was founded in 2014 in Kirkland, United States, and operates in the radar technology sector. Metamaterial Electronically Scanning Array (MESA) technology is utilized to develop compact, efficient radar systems suitable for unmanned aerial vehicles, security, robotics, and autonomous vehicles. These systems are designed to perform in challenging environmental conditions. The initial product, MESA-K-DEV, serves as a developer kit for prototyping small unmanned aerial system detection.
Who are the top competitors of Echodyne?
Echodyne's top competitors include Swift Navigation, Metalenz and Metamaterial.
What products or services does Echodyne offer?
Echodyne offers EchoShield, EchoGuard, EchoGuard CR, EchoFlight, and Custom Radar.
Who are Echodyne's investors?
Echodyne has 12 investors. Key investors include Northrop Grumman, National Education Association, Baillie Gifford, Kensington Capital Partners, and Kresge.
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