About Firestorm
Firestorm is a company based in San Diego (United States) founded in 2022 by Chad M, Dan Magy, and Ian Muceus.. Firestorm has raised $77.5 million across 7 funding rounds from investors including Booz Allen Hamilton, J P Morgan and Lockheed Martin. The company has 47 employees as of December 31, 2024. Firestorm operates in a competitive market with competitors including Newspace Research and Technologies, AeroVironment, Threod Systems, Johnnette Technologies and ZMotion Autonomous Systems, among others.
- Headquarter San Diego, United States
- Employees 47 as on 31 Dec, 2024
- Founders Chad M, Dan Magy, Ian Muceus
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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 Firestorm Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$77.5 M (USD)
in 7 rounds
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Latest Funding Round
$35 M (USD), Series A
Jul 16, 2025
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Investors
Booz Allen Hamilton
& 18 more
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Employee Count
47
as on Dec 31, 2024
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Leadership Team
1 people
Mechanical Team
1 people
Co Team
1 people
Operations Team
1 people
Senior Team
1 people
Unlock access to complete
Funding Insights of Firestorm
Firestorm has successfully raised a total of $77.5M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $35 million completed in July 2025. 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 7
- Last Round Series A — $35.0M
- First Round First Round
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2025 | Amount | Debt – Venture - Firestorm | Valuation |
investors |
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| Jul, 2025 | Amount | Series A - Firestorm | Valuation | New Enterprise Associates | |
| Jun, 2025 | Amount | Series A - Firestorm | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Firestorm
Firestorm has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include Booz Allen Hamilton, J P Morgan and Lockheed Martin. 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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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Venture capital funding is offered to mission-first founders.
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Founded Year | Domain | Location | |
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No specific business activity is described for Marquee Ventures.
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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 Firestorm
| 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 - Firestorm
| 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 |
Firestorm Comparisons
Competitors of Firestorm
Firestorm 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 Newspace Research and Technologies, AeroVironment, Threod Systems, Johnnette Technologies and ZMotion Autonomous Systems, 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 |
Next-generation unmanned systems and aerospace technologies are developed.
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| domain | founded_year | HQ Location |
Unmanned aerial systems for military purposes are developed and supplied.
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| domain | founded_year | HQ Location |
Develops drones for military and commercial applications and provides associated training and consulting services
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| domain | founded_year | HQ Location |
Unmanned aerial, underwater vehicles, and robotic systems are manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of drones and accessories for defense applications
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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 Firestorm
Frequently Asked Questions about Firestorm
When was Firestorm founded?
Firestorm was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Firestorm located?
Firestorm is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is Firestorm a funded company?
Firestorm is a funded company, having raised a total of $77.5M across 7 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Mar 15, 2023.
How many employees does Firestorm have?
As of Dec 31, 2024, the latest employee count at Firestorm is 47.
What does Firestorm do?
Firestorm was founded in 2022 and is headquartered in San Diego, United States. Operations are centered in the aerospace and defense sector, where modular unmanned aerial systems and related components are designed and developed. These products are targeted at military end-users, with a focus on unmanned aerial technologies. The company is led by co-founders including Chad M, Dan Magy, and Ian Muceus as CTO.
Who are the top competitors of Firestorm?
Firestorm's top competitors include AeroVironment, Newspace Research and Technologies and Threod Systems.
Who are Firestorm's investors?
Firestorm has 19 investors. Key investors include Booz Allen Hamilton, J P Morgan, Lockheed Martin, Red Cat, and Overmatch.
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