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Private companiesTracked

Echodyne

Kirkland, WA · Founded 2014

Echodyne designs and builds compact electronically scanned array radars on its patented metamaterials architecture, MESA. Its radars serve counter-drone, defense, border security, critical infrastructure and drone airspace customers.

Profile

What it builds and who buys it

  • ·MESA steers its beam electronically without the thousands of phase shifters a conventional electronically scanned array uses, and is built with standard materials and commercial processes.Echodyne (company release), Jul 9, 2026
  • ·Echodyne says it has hundreds of supplier, integrator and end-user customers in more than 40 countries.Echodyne
  • ·In September 2026 it received an IDIQ contract with a $250 million ceiling and an ordering period of up to 36 months for JIATF-401’s Domestic Shield program.Echodyne (company release), Sep 30, 2026
  • ·KONGSBERG integrated MESA radar into its PROTECTOR RS4 and RS6 remote weapon stations for counter-drone use in September 2026.Echodyne (company release), Sep 9, 2026
  • ·It opened a Washington State manufacturing facility in July 2026, a $40 million investment that the company says can build more than 30,000 radars a year at full capacity.Echodyne (company release), Jul 9, 2026
  • ·Its chief executive told Defense One the company ships radars to Europe, Southeast Asia and India, and that orders exceed its production capacity.Defense One, Jul 1, 2026
  • ·Northrop Grumman made a minority investment in Echodyne in February 2022 under an agreement to integrate its radars into Northrop counter-drone solutions.Echodyne (company release), Feb 18, 2022

Founders and leadership

  • Eben FrankenbergCo-founder and chief executive

    Spent nearly a decade at Intellectual Ventures, five years as its chief operating officer, after nine years leading sales, marketing and business development at Onyx Software. Echodyne was spun out of Intellectual Ventures.Echodyne (company release), Dec 17, 2014

  • Tom DriscollCo-founder and chief technology officer

    Directed the Intellectual Ventures Metamaterials Commercialization Center, after research roles at Duke University and UC San Diego. He holds a PhD in physics from UCSD.Echodyne (company release), Dec 17, 2014

Funding

Last valuation

No citable valuation

Last round or tender

$135Mraised

Funding roundEchodyne (company release), Jun 13, 2022

Co-led by Baillie Gifford and Bill Gates, with Northrop Grumman, NEA, Madrona Ventures, Vulcan Capital and Vanedge Capital. The Form D for an equity offering begun May 10, 2022 records $129.3 million sold to 18 investors of $134.3 million offered. No valuation was stated.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Jun 13, 2022Funding roundCo-led by Baillie Gifford and Bill Gates, with Northrop Grumman, NEA, Madrona Ventures, Vulcan Capital and Vanedge Capital. The Form D for an equity offering begun May 10, 2022 records $129.3 million sold to 18 investors of $134.3 million offered. No valuation was stated.$135M—
Sep 11, 2019Funding roundAn additional round from Bill Gates, Madrona Ventures, NEA, Vulcan Capital and Lux Capital, joined by Vanedge Capital. The Form D for an equity offering begun January 15, 2019 records $20.0 million sold to 13 investors. No valuation was stated.$20M—
May 19, 2017Series BLed by New Enterprise Associates, with Bill Gates, Madrona Venture Group, Vulcan Capital, Lux Capital and The Kresge Foundation. The Form D for an equity offering begun May 8, 2017 records $28.9 million sold to 12 investors of $29.0 million offered. No valuation was stated.$29M—
Dec 19, 2014Series ALed by Bill Gates and Madrona Venture Group, with Vulcan Capital, Lux Capital and The Kresge Foundation. The release is dated December 19, 2014 in its dateline. The Form D for an equity offering begun December 8, 2014 records $14.8 million sold to 10 investors of $15.0 million offered. No valuation was stated.$15M—

Primary capital across the rounds on file: $199M

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public MarketPrice. The page states that no recent secondary market data is available; historical pricing is behind a login.

  • Clarity (formerly Hiive)public page seen Oct 15, 2026

    Clarity Price $17.19, as of Oct 15, 2026

    Clarity calls the figure a model-derived indicative estimate calculated daily; the page dates it no further than a "last updated" line reading August 28, 2026, and shows it as up 326.55 percent all time. Bids, asks and matches are behind sign-up.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Tracked only. No read has been prepared for this company; the figures above are the record.

Sources

Researched Oct 15, 2026