# Performance Drone Works (PDW) funding: rounds and investors

> Performance Drone Works (PDW) has raised $110M across 1 round since 2026. Investors include Ondas, Gaingels and Lux Capital. Every round with its source.

Source: https://millionrounds.com/company/performance-drone-works-pdw (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Performance Drone Works (PDW)*

One round we have observed, with the 8 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Defence Tech Drones Robotics

Raised 7 months ago

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Funding summary Updated 5 Nov 2026

**$110M** raised across 1 round since 2026, from 2 sources

- **Latest round:** Series B, $110M Mar 2026
- **Led by:** Ondas
- **Investors:** 8 (1 led)

See who backed them

## The rounds

- **Mar 2026** Series B **$110M** [Ondas](https://millionrounds.com/fund/ondas) Lead [Gaingels](https://millionrounds.com/fund/gaingels) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) [Hood River Capital Management](https://millionrounds.com/fund/hood-river-capital-management) [Booz Allen Hamilton](https://millionrounds.com/fund/booz-allen-hamilton) [Cedar Pine](https://millionrounds.com/fund/cedar-pine) [Hanwha Asset Management's venture fund](https://millionrounds.com/fund/hanwha-asset-management-s-venture-fund) Reported by Ventureburn and 1 other

## Everyone who backed them

[Ondas](https://millionrounds.com/fund/ondas) Growth equity **1** round, led 1

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **1** round

[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) VC firm **1** round

[Hood River Capital Management](https://millionrounds.com/fund/hood-river-capital-management) Growth equity **1** round

[Booz Allen Hamilton](https://millionrounds.com/fund/booz-allen-hamilton) VC firm **1** round

[Cedar Pine](https://millionrounds.com/fund/cedar-pine) VC firm **1** round

[Hanwha Asset Management's venture fund](https://millionrounds.com/fund/hanwha-asset-management-s-venture-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=performance-drone-works-pdw).

## Quick answers about Performance Drone Works (PDW)

### Who invested in Performance Drone Works (PDW)?

Performance Drone Works (PDW)'s investors include Ondas, Gaingels, Lux Capital, Lerer Hippeau and Hood River Capital Management, and 3 more on record. Ondas led its latest round.

### How much has Performance Drone Works (PDW) raised?

Performance Drone Works (PDW) has raised $110M across 1 round since 2026.

### When did Performance Drone Works (PDW) last raise?

Performance Drone Works (PDW)'s most recent round was a Series B of $110M in Mar 2026, led by Ondas.

### What was Performance Drone Works (PDW)'s biggest round?

Its most recent round, $110M in Mar 2026, is also its largest on record.

### Who backed Performance Drone Works (PDW) first?

Performance Drone Works (PDW)'s first round on record, in Mar 2026, was backed by Ondas, Gaingels and Lux Capital and 5 others.

### What stage is Performance Drone Works (PDW) at?

Performance Drone Works (PDW)'s latest named round is a Series B, in Mar 2026.

### Where is Performance Drone Works (PDW) based?

Performance Drone Works (PDW) is based in the United States.

### Who led Performance Drone Works (PDW)'s rounds?

Ondas led the Series B in 2026.

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