Reflecting on 2024 and Looking Ahead, Fundings: SpectorOps, CYTUR, EagleHawk
31 December 2024 - A Weekly Publication by New North Ventures
As the year comes to a close, we at New North Ventures want to take a moment to reflect on the incredible journey 2024 has been. This year brought growth, innovation, and valuable connections—each milestone driven by our vision to unlock the potential of national security innovation and the support of this community.
We are profoundly grateful for you, our readers, partners, and advocates. Your engagement, insights, and encouragement have fueled our progress and inspired us to aim higher every step of the way.
Looking ahead, we are excited to kick off 2025 with our Innovation Summit, taking place on February 6, 2025, in Boston. This summit will bring together thought leaders and trailblazers to explore the critical intersections of technology, policy, and national security.
We’re thrilled to announce two outstanding panels of speakers:
Panel 1: Building the National Security Innovation Base
Farid Moussa – Babel Street
John Serafini – CEO, HawkEye 360
Kiley Naas – Rescale
William “Mac” McHenry – Defense Innovation Unit
Panel 2: Financing Dual-Use Tech: VC, PE, M&A
Mark Morissette – North Atlantic Capital
R. John Stack – B. Riley Securities
Suzanne Kelly – The Cipher Brief
Jonathan Bronson – J2 Ventures
Sarah Sewall – In-Q-Tel
Stay tuned as we reveal more details and additional speakers in the weeks to come!
To ensure you can enjoy a restful and joyful New Year’s holiday, we’re sharing this newsletter a day early. From all of us at New North Ventures, thank you for being part of our journey. Here’s to a bright and impactful 2025!
HawkEye 360On December 21, 2024, HawkEye 360 successfully launched Cluster 11, a trio of satellites integrated at their Virginia facility under the SFL Flex Production Program. The satellites were deployed into a sun-synchronous orbit aboard SpaceX’s Bandwagon-2 mission from Vandenberg Space Force Base, and contact was quickly established with all three.
This latest launch represents another leap forward for HawkEye 360 as they expand their innovative RF monitoring constellation, advancing their ability to support critical missions worldwide. Congratulations to the entire HawkEye 360 team for this significant milestone!
Founded: 2017
Key People: CEO David McGuire
Elevator Pitch: Cbersecurity software designed to protect and defend the system's operational data from advanced attacks.
Funding: The company raised $43 million of venture funding from undisclosed investors on December 26, 2024.
Founded: 2016
Key People: CEO Yonghyun Jo
Elevator Pitch: A maritime cybersecurity platform designed for ship, crew, cargo, and stakeholder protection.
Funding: The company raised an undisclosed amount of Series A venture funding from Lighthouse Combined Investment, Sunbo Angel Partners, and Daerae Strategy Commercialization Center on December 25, 2024.
Key People: CEO Patrick Walsh
Founded: 2016
Elevator Pitch: Drone and thermal imaging and sensor technology designed to conduct and provide asset inspection analysis.
Funding: The company raised $550,000 of debt financing on December 23, 2024.
Look for a new episode of the Securing the Future Podcast wherever you listen. In our most recent episode, general partner Jeremy Hitchcock sits down with journalist Tim Mak for a powerful discussion on national security, his experiences reporting from Ukraine, and insights from his acclaimed work on the NRA and global conflict.
