PDW raises over $110M Series B to expand modular military drone production

Evidence notes

• PDW said it closed a Series B financing led by Ondas with participation from Hood River, Cedar Pine, Hanwha Asset Management's venture fund, Booz Allen Hamilton, and other existing and new investors.
• The company said the proceeds will support future growth initiatives and ramp production of its multi-mission drones, including the flagship C100 platform and Attritable Multirotor.
• The round matters because it funds both product expansion and domestic manufacturing scale for mission-ready small UAS systems rather than a software-only defence stack.