D-Fend Solutions raises $31M

RA'ANANA, Israel and MCLEAN, Va. — D-Fend Solutions, a provider of counter-drone – takeover technology, announced today that it has secured $31M in the initial closing of a new investment round.

The round was led by Israel Growth Partners (IGP), with participation from existing investor Vertex Ventures and new investor Vertex Growth. With this investment round, IGP General Partner Uri Erde join's D-Fend's Board of Directors, joining existing investor board members Yoram Oron of Vertex Ventures and Rami Hadar of Claridge Israel.

D-Fend said the funding allows them to solidify its technological leadership and capabilities, expand its market reach into new territories and sectors. The funding round comes on the heels of continuous year-over-year revenue growth of over 60% and expansion across geographies, sectors, and use cases.

"This funding is a testament to the trust our investors have in our vision, technology, growth, brand, and customer base," said Zohar Halachmi, CEO and Chairman of D-Fend Solutions. "The growing size, scope, and complexity of rogue drone threats demands advanced, precise, and reliable solutions. This investment will enable us to continue innovating and expanding our capabilities, ensuring we remain at the forefront of counter-drone technology, while delivering unparalleled control, safety and, uniquely, operational continuity to our global defense, homeland security, law enforcement, airport, and critical infrastructure customers."

The investment follows an in-depth evaluation by IGP, who had previously been the sole institutional investor in Cellebrite (NASDAQ: CLBT), the global leader in digital investigation solutions for public safety and security agencies, prior to its IPO.

"D-Fend Solutions fits the profile and model which we find very attractive—a category creating company that develops and deploys deep and defensible technology to address threats posed by the mass proliferation of beneficial but also potentially dangerous devices and products, in this case drones," said Uri Erde, General Partner of Israel Growth Partners. "Their innovative approach to counter-drone security, drawing upon a multi-disciplinary approach crossing air defense, electronic warfare and cybersecurity domains, combined with their reputation and proven ability to deliver and meet the needs of militaries, homeland security, and law enforcement agencies, positions them as a market leader in safeguarding sensitive environments against rapidly rising drone threats."