Target Overview
Firestorm is a cutting-edge manufacturer specializing in the production of mission-ready drones, achieving manufacturing speeds that are ten times faster and at a cost that is one-fifth of what traditional methods require. The company employs advanced techniques like 3D printing and modular design to address critical vulnerabilities in the supply chain that have been highlighted by recent global conflicts. Firestorm is positioned at the nexus of three transformative megatrends: the shift toward distributed manufacturing, the military's increasing adoption of cost-effective bulk procurement for UAVs, and the strategic U.S. government initiative to lessen reliance on foreign drone suppliers.
Having successfully raised $60 million to date—including a significant $47 million in a recent Series A led by New Enterprise Associates—Firestorm has already secured a substantial $100 million contract with the Air Force. The founder, known for his previous nine-figure exit after selling Citadel Defense to BlueHalo, brings extensive industry experience that has garnered strong investor confidence and validated customer interest.
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Industry Overview in the U.S.
The defense industry in the United States has been rapidly evolving due to increasing global tensions and technological advancements. Centralized manufacturing methods have proven to be significant vulnerabilities, particularly in modern warfare scenarios where fixed
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New Enterprise Associates
invested in
Firestorm
in 2025
in a Series B deal
Disclosed details
Transaction Size: $75M
Revenue: $75M
Enterprise Value: $550M
Equity Value: $550M
Multiples
EV/Revenue: 7.3x
P/Revenue: 7.3x