Ondas announces $35M investment in Performance Drone Works

Ondas (ONDS) Holdings announced a $35M strategic investment in Performance Drone Works, a veteran-led defense-technology engineer and manufacturer of advanced robotics for mission-critical national security missions. Built upon a heritage of direct combat mission experience, PDW combat robotic systems are designed to address a broad set of critical missions to empower the modern warfighter with targeting capabilities, enhanced surveillance and sensing technology, and force protection at the speed, scale, and agility demanded by today’s rapidly evolving threat environment. PDW is one of the fastest-growing defense technology companies in the United States, with proven operations. This investment is designed to accelerate PDW’s rise as the category leader in combat robotics manufactured at scale, while strengthening Ondas’ position as a premier provider of AI-enabled autonomous defense and security platforms. Together, the companies will seek areas in which to collaborate to benefit the defense of the homeland. With this new investment from Ondas, PDW plans to: Scale Production: Accelerate manufacturing and delivery to meet increasing demand for the C100 and AM-FPV platforms. Significantly Increase Engineering Headcount: Expand capacity to accelerate product development and meet rising requirements across autonomy, payloads, and systems integration. Acquire Critical Components: Continue to expand and fortify PDW’s domestically secure, NDAA-compliant supply chain.