
C100
Multi-mission quadcopter.
- Contract award
- Sep 11, 2024
Photo: U.S. Army photo by Master Sgt. Anthony Hewitt · Public domain (PD-USGov-Military-Army)


Startup · United States
HQ Huntsville, United StatesFounded 2019
Unmanned aircraft and domestic drone-component manufacturing for defense.

Multi-mission quadcopter.
Photo: U.S. Army photo by Master Sgt. Anthony Hewitt · Public domain (PD-USGov-Military-Army)
Newest unveiled first. Open a product for its milestone timeline, components and sources.
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Mar 25, 2026 | Series B | ~$110M | — | Ondas | Booz Allen Hamilton | Confirmed |
| Nov 20, 2025 | Strategic | $35.0M | — | Ondas | — | Reported |
| 2025 | Series A | $16.4M | $132M | Squadra Ventures | — | Reported |
| 2024 | Seed | $8.6M | — | — | — | Reported |
Totals add known amounts using recorded USD conversions where available; other currencies are shown separately. A ~ marks an estimated amount.
| Announced | Award | Agency | Type | Program | Obligated | Ceiling | Confidence |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | OSC conditional loan commitment for drone component manufacturingpress:performance-drone-works:2026-07-31 | Office of Strategic Capital | Loan | — | — | Up to $820M | Confirmed |
| — | THE SMALL UNCREWED AIRCRAFT SYSTEMS (SUAS) PRODUCT OFFICE HAS AN URGENT REQUIREMENT TO PROCURE C100X UAS SYSTEMS AND ASSOCIATED COMPONENTS.W58RGZ26F0244 | U.S. Army | Contract | — | $15.3M | $15.3M | Confirmed |
Obligated is what has been committed so far; ceiling is the most the award can reach. Joint values cover all recipients and are excluded from this company’s money totals.
Performance Drone Works · Supports Organization · name
“Performance Drone Works | Defense Drones & Aerial Robotics”
PitchBook · Supports Organization · founded year
“Performance Drone Works was founded in 2019.”
Performance Drone Works · Supports Organization, System
“expand domestic manufacturing of the critical technologies behind the next generation of drones”
PR Newswire · Mar 25, 2026 · Supports Funding round, Funding round · amount
“PDW's latest financing was led by Ondas”
Stock Titan (Ondas 8-K) · Supports Funding round
“The investment was completed on November 19, 2025, and was announced via press release on November 20, 2025.”
Tectonic · Supports Funding round · amount, Funding round · post money valuation usd
“In March of this year, they closed a $16.4M Series A led by Squadra Ventures”
Tectonic · Supports Funding round · amount
“secured a $35M strategic investment from Ondas Autonomous Systems (OAS)”
U.S. Department of War · Jul 31, 2026 · Supports Government award · ceiling usd
“The United States Department of War's Office of Strategic Capital announced today a conditional loan commitment of up to $820 million to Performance Drone Works to establish high-volume domestic manufacturing capacity for critical drone components.”
USAspending.gov · Supports Government award · ceiling amount, Government award · description, Government award · end on, Government award · obligated amount, Government award · recipient, Government award · start on
“Base and all options value: $15,259,840.00”
Crunchbase via Bright Data · Supports Organization · headquarters, Role · founders
“{"country_code": "United States", "location": [{"name": "Huntsville", "permalink": "huntsville-alabama"}, {"name": "Alabama", "permalink": "alabama-united-states"}, {"name": "United States", "permalink": "united-states"}, {"name": "North America", "permalink": "north-america"}]}”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.