Hoverfly Tech

Orlando, United States Founded: 2010 • Age: 16 yrs
Designs and manufactures tethered unmanned aerial vehicles
Annual revenue - Latest available
Total funding $49.6M 6 rounds
Employees - Tracked headcount
Investors - Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Hoverfly Tech

Hoverfly Tech is a company based in Orlando (United States) founded in 2010. Hoverfly Tech has raised $49.57 million across 6 funding rounds. Hoverfly Tech offers products and services including SENTRY, SPECTRE, and DAAS. Hoverfly Tech operates in a competitive market with competitors including Elistair, xCraft, Apellix, AIROLIT and Angulair, among others.

  • Headquarter Orlando, United States
  • Sectors
    Aerospace, Defense & Maritime
  • Email
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  • Phone
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  • Website
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Operational Areas
Aerospace, Defense & Maritime → Aerospace Manufacturing & Engineering Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
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  • EBITDA
    Not available
  • Total Equity Funding
    $49.57 M (USD)

    in 6 rounds

  • Latest Funding Round
    $25.28 M (USD), Series B

    Aug 15, 2025

  • Investors
    Not available
  • Employee Count
    Not available
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Products & Services of Hoverfly Tech

Hoverfly Tech offers a comprehensive portfolio of products and services, including SENTRY, SPECTRE, and DAAS.

Product name locked
Category locked
Primary

Tethered drone for surveillance and communications in military operations.

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Advanced drone for multi-payload configurations and extended awareness.

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Drone as a Service for ongoing tactical and security needs.

People of Hoverfly Tech

Headcount 10-50
Employee Profiles 9
Employee Profiles
People
Jim Edmiston
Chief Pilot
People
Steve Walters
President & CEO
People
Jeffrey Van Anda
Senior Vice President of Engineering
People
Arief Azis
Chief Technical Pilot

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Funding Insights of Hoverfly Tech

Hoverfly Tech has successfully raised a total of $49.57M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $25.28 million completed in August 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.

Investments & Acquisitions by Hoverfly Tech

Investments
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Investment portfolio details for Hoverfly Tech

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Financial Statements - Hoverfly Tech

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Detailed financials for Hoverfly Tech

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Hoverfly Tech Comparisons

Hoverfly Tech Primary company
Description
Designs and manufactures tethered unmanned aerial vehicles
Location
Orlando, United States
Founded Year
2010
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Hoverfly Tech

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Competitors of Hoverfly Tech

Hoverfly Tech 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 Elistair, xCraft, Apellix, AIROLIT and Angulair, among others.

Company Name Domain Founded year HQ Location Description
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Civilian drones and smart tethered stations for surveillance are provided.
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Hybrid drones and smartphone aerial attachments are developed by xCraft.
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Tethered multi-copter drone is developed for NDT and spray painting.
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Tethered UAVs with advanced sensors are manufactured for commercial uses.
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Aerospace components are manufactured by Angulair in Mangaluru, India.
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Detailed competitors of Hoverfly Tech

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Latest news on Hoverfly Tech

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Complete news archive for Hoverfly Tech

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Frequently Asked Questions about Hoverfly Tech

Hoverfly Tech was founded in 2010 and raised its 1st funding round 6 years after it was founded.

Hoverfly Tech is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.

Hoverfly Tech is a funded company, having raised a total of $49.57M across 6 funding rounds to date.

Founded in 2010 and based in Orlando, United States, Hoverfly Tech operates in the unmanned aerial vehicle sector. Tethered drones are designed and manufactured for extended surveillance and event coverage through tether systems. Flight control boards are also produced and offered for standalone purchase via an online store, supporting drone applications in various industries.

Hoverfly Tech's top competitors include Elistair, xCraft and AIROLIT.

Hoverfly Tech offers SENTRY, SPECTRE, and DAAS.

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