WhiteFox closes $5.275M in new funding to satisfy the demand for his or her drone airspace safety options.
SAN LUIS OBISPO, Calif., June 7, 2021 — The world’s premier drone airspace safety firm, WhiteFox Defense Technologies, Inc., has secured $5.275 million in funding from new strategic traders Tiga Investments and Marlinspike Capital. After a lot success within the first half of 2021, WhiteFox is rapidly gaining traction in new markets and geographies with its best-of-breed counter-drone expertise firm.
Tiga Investments is led by Raymond Zage. Zage serves as an impartial Board Director of Toshiba Corporation. He beforehand based and ran Farallon Capital Management’s Asia enterprise for 18 years after beginning his profession as an funding banker with Goldman Sachs in New York, Los Angeles and Singapore. Zage brings WhiteFox a powerful observe file of profitable investments into tech-based and tech-enabled platforms, together with Protelindo, Gojek, Sea, Didi, Deposco, Cosmose, Investing.com, Convenience B, and Advance AI, amongst others.
Marlinspike Capital is a veteran-owned funding and advisory agency targeted on partnering with distinctive firms within the nexus of expertise and nationwide protection.
The elevated attractiveness to traders is pushed by WhiteFox’s rising gross sales pipeline and continued product innovation. The firm’s mission, holding the skies open for accountable pilots, has positioned WhiteFox because the main pro-drone airspace safety supplier, supporting the long run’s evolving expertise.
“We’re thrilled to deliver new funding whereas additionally driving our natural progress. Through the deep nationwide safety experience of our latest traders, our success in 2021 will proceed as we scale to new areas of the world,” says Luke Fox, CEO of WhiteFox.
“We are excited to put money into WhiteFox as they roll out their market-leading drone protection expertise worldwide,” mentioned Zage. “Drones are more and more part of our lives,” he added, “and the protection, safety, and privateness points drones generate will solely develop sooner or later. WhiteFox’s proprietary functionality to determine, monitor, and mitigate drone exercise will likely be important to make sure that the way forward for drones is secure and productive for all. This is a worldwide want, and we consider the excellent crew at WhiteFox gives the suitable mixture of options to satisfy that international demand.”
“We solely put money into firms which have game-changing traits and superior management groups. We are assured WhiteFox is a game-changer with a terrific CEO, Luke Fox, on the helm. We are proud to be invested within the firm and excited to take part within the explosive progress of the corporate within the years forward. Lastly, we’re large supporters of the WhiteFox mission to make our restricted air areas secure from malicious or inadvertently harmful drones.” mentioned Neil Keegan, CEO/CIO of Marlinspike Capital.
This $5.275 million brings complete funding into WhiteFox at over $30 million.
About WhiteFox Defense Technologies, Inc.: Headquartered in California, WhiteFox’s mission is to maintain the sky open for accountable pilots by creating options that advance drone expertise for a greater world. As the worldwide chief in pioneering the secure integration of drones into society and providing worldwide drone airspace safety options, WhiteFox is securing trusted autonomy by means of transparency and accountability in our skies.
About Tiga: Tiga Investments Pte Ltd is a everlasting capital automobile arrange by G. Raymond Zage III, the previous Managing Director and CEO of Farallon Capital Asia Pte Ltd and Ashish Gupta, a former Partner and Portfolio Manager at Farallon Capital Asia Pte Ltd. Tiga has a worldwide funding mandate however focuses on firms with robust administration groups and enterprise fashions the place Asia is a key element of future progress and the place Tiga can take a long run investing view. Tiga Investmements can also be the sponsor of Tiga Acquisition Corp, a New York Stock Exchange listed Special Purpose Acquisition Company shaped for the aim of effecting a merger, share trade, asset acquisition, share buy, reorganization, or comparable enterprise mixture with a number of companies.
About Marlinspike Capital: (Marlinspikecapital) An funding and advisory crew with experience in National Defense expertise initiatives with functions for each the non-public sector and Federal Government Agencies. Marlinspike’s mission is to speed up portfolio firms’ improvement and search excellent risk-adjusted returns for our companions whereas fostering the continued prosperity and safety of the nation. The firm is led by the three founding companions, Neil Keegan, Mark “Turk” Powell, and John Mastal. The crew has closed 11 transactions within the final yr throughout the realm of aerospace, house, autonomous methods, synthetic intelligence/information analytics, battery safety, and cybersecurity. https://www.linkedin.com/firm/marlinspike