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Startup · United States

Performance Drone Works

HQ Huntsville, United StatesFounded 2019

Unmanned aircraft and domestic drone-component manufacturing for defense.

Website

Products1

Newest unveiled first. Open a product for its milestone timeline, components and sources.

Funding4 rounds · ~$170M

Disclosed
~$170M
Latest
~$110MSeries B · Mar 25, 2026
Cumulative raised$145M
Nov 20, 2025Mar 25, 2026

Totals add known amounts using recorded USD conversions where available; other currencies are shown separately. A ~ marks an estimated amount.

Government awards & programs2 awards · $15.3M obligated · up to $835M ceiling

Awards received2

  • OSC conditional loan commitment for drone component manufacturing
    Jul 31, 2026 · Loan
    Confirmed
    Up to $820M
    Ceiling
  • THE SMALL UNCREWED AIRCRAFT SYSTEMS (SUAS) PRODUCT OFFICE HAS AN URGENT REQUIREMENT TO PROCURE C100X UAS SYSTEMS AND ASSOCIATED COMPONENTS.
    Undated · Contract
    Confirmed
    $15.3M
    Obligated · up to $15.3M ceiling

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.

People4

Sources10

Profile2

  1. 1

    Performance Drone Works · Supports Organization · name

    “Performance Drone Works | Defense Drones & Aerial Robotics”
  2. 2

    PitchBook · Supports Organization · founded year

    “Performance Drone Works was founded in 2019.”

Products1

  1. 3

    Performance Drone Works · Supports Organization, System

    “expand domestic manufacturing of the critical technologies behind the next generation of drones”

Funding4

  1. 4

    PR Newswire · Mar 25, 2026 · Supports Funding round, Funding round · amount

    “PDW's latest financing was led by Ondas”
  2. 5

    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.”
  3. 6

    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”
  4. 7

    Tectonic · Supports Funding round · amount

    “secured a $35M strategic investment from Ondas Autonomous Systems (OAS)”

Government2

  1. 8

    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.”
  2. 9

    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”

People1

  1. 10

    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.