PiggyGPT

Private companiesCovered

Hidden Level

Syracuse, NY · Founded 2018

Hidden Level builds passive radar and radio-frequency sensors in Syracuse, New York that detect and track drones and locate their operators without emitting, sold as hardware or as a data service to the Department of War, NASA, the FAA and local police.

Profile

What it builds and who buys it

  • ·The sensors use passive radar and RF direction-finding to detect and track drones, including those that do not transmit, along with aircraft and balloons, and to locate drone operators.Hidden Level (company release), Feb 3, 2025
  • ·Its BREAKER, SURGE and BYOTx hardware and its Airspace Monitoring Service are designed and manufactured in Syracuse with a U.S.-based supply chain.Hidden Level (company release), Jul 30, 2026
  • ·Customers buy the sensors as hardware or the data as a service.Hidden Level (company release), Feb 3, 2025
  • ·The Department of War awarded a $100 million Other Transaction Authority contract on July 30, 2026, issued by the Office of the Under Secretary of War for Research and Engineering through Army Contracting Command, Rock Island, after T-REX 25.2 and Falcon Peak 25.2 evaluations.Hidden Level (company release), Jul 30, 2026
  • ·Under the contract, the sensors are to cover military installations, test ranges and the U.S. border, and military customers can order prototyping and production directly.Hidden Level (company release), Jul 30, 2026
  • ·The Defense Innovation Unit named Hidden Level one of four top performers in its counter-small-UAS Low-Cost Sensing Challenge in December 2025, from 10 finalists and 115 submissions.Hidden Level (company release), Dec 19, 2025
  • ·The Defense Department selected Hidden Level in May 2023 for $10 million of APFIT funding for tactical passive radar for Army counter-UAS, one of 11 companies funded that year.Hidden Level (company release), May 24, 2023
  • ·In February 2025 the company was on contract with the Army, Air Force, Africa Command, Indo-Pacific Command, Central Command and Northern Command, and monitored airspace at the January 2025 presidential inauguration.Hidden Level (company release), Feb 3, 2025
  • ·A two-year evaluation with the Air Force’s 96th Test Wing and 46th Test Squadron ended in a May 2026 live demonstration against Group 1 drones on Santa Rosa Island, Florida.Hidden Level (company release), May 14, 2026
  • ·The company says its system has been deployed as a primary detection layer for U.S. Army Special Operations Command.Hidden Level (company release), May 21, 2026
  • ·Its SURGE sensor was shown mounted on Moog’s lightweight turreted weapons system at AUSA in March 2026, with the company describing passive radar cueing in short-range air defense fire control for the Department of War.Hidden Level (company release), Mar 25, 2026
  • ·Power in the Sky, a software release inside the Airspace Monitoring Service for detecting unknown RF threats, went to limited release in March 2026.Hidden Level (company release), Mar 9, 2026
  • ·The company runs four facilities in Syracuse and opened an in-house anechoic test chamber in East Syracuse on May 1, 2026.Hidden Level (company release), May 4, 2026
  • ·Civil work includes a drone monitoring pilot around Arlington, Texas’s entertainment district from September 2021 and airspace monitoring for the 2021 New York State Fair.Hidden Level (company release), Oct 4, 2021

Founders and leadership

  • Jeff ColeCo-founder and chief executive

    A computer science engineer who was director of programs at Gryphon Sensors, a spinoff of Syracuse’s SRC, before founding Hidden Level in July 2018.syracuse.com (via AviationPros), Jul 6, 2021

  • Gary DominicosCo-founder

    Controller at Gryphon Sensors before co-founding Hidden Level, and its chief financial officer in 2021. The March 2025 Form D lists him as an executive officer; the current leadership page names Mike Goll as chief financial officer.syracuse.com (via AviationPros), Jul 6, 2021

Prospects, after the $100 million OTA

Prepared by PiggyGPT, as of Oct 11, 2026

  • ·The $100 million OTA of July 2026 is the largest award on file, and it is a vehicle for military customers to order directly. The release does not say how much has been ordered under it.Hidden Level (company release), Jul 30, 2026
  • ·No revenue figure is on file, and every Form D declines to disclose revenue. The earlier awards with values are small: $10 million of APFIT funding in 2023.Hidden Level (company release), May 24, 2023
  • ·The last round on file is the $65 million Series C of February 2025, which brought 12 months of funding to $100 million. No valuation has been stated, and no Form D has been filed since April 2025.SEC EDGAR (Form D), Apr 1, 2025
  • ·Clarity’s indicative figure of $5.95 is shown as down 20.67 percent all time. It is a model estimate, not a trade.
  • ·The DIU challenge named four top performers, so passive and low-cost sensing for counter-drone work has at least three other selected suppliers.Hidden Level (company release), Dec 19, 2025
  • ·For the acquisition read, the ties on file are two strategic stakes, Booz Allen Ventures and Lockheed Martin Ventures, and partnerships with Saab, Inc. and Moog. No talks or approach are reported. The posture is watch.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

No citable valuation

Last round or tender

$65Mraised

Series CHidden Level (company release), Feb 3, 2025

Led by DFJ Growth with Booz Allen Ventures, Revolution Growth, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures and Founders Circle Capital. The company put its funding over the prior 12 months at $100 million. The Form D filed April 1, 2025 records $66,500,000 of equity sold to 19 investors from August 29, 2024, and names DFJ Growth’s Randy Glein as a director.

Latest revenue figure

—

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
Feb 3, 2025Series CLed by DFJ Growth with Booz Allen Ventures, Revolution Growth, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures and Founders Circle Capital. The company put its funding over the prior 12 months at $100 million. The Form D filed April 1, 2025 records $66,500,000 of equity sold to 19 investors from August 29, 2024, and names DFJ Growth’s Randy Glein as a director.$65M—
Feb 12, 2024Series BFirst disclosed with the Series C: $35 million led by Lauder Partners with Booz Allen Ventures, Washington Harbour Partners, Veteran Ventures and Valor Equity, closed about six months before February 2025. The Form D filed March 31, 2025 records $42,636,163 of equity sold to 32 investors from February 12, 2024, the date recorded here; it does not name the round.$35M—
Mar 7, 2023Strategic investmentONE9 Special Mission Fund I, a Canadian security-focused venture fund, invested in Hidden Level. The amount was not disclosed.——
Feb 21, 2023Strategic investmentBooz Allen Ventures, Booz Allen Hamilton’s corporate venture arm, invested in Hidden Level, its first investment of 2023. The amount was not disclosed.——
Mar 29, 2022Form D offeringNo announcement from the company. The filing records $22,724 of equity and options sold to 1 investor from March 29, 2022, and does not name the round.——
Jun 4, 2021Series ALed by Lobby Capital, with existing investors Lockheed Martin, Alsop Louie Partners, Pipeline Capital, Quest Venture Partners and Lauder Partners. The company put its venture funding to date at over $21 million. The release page carries a January 23, 2021 date. The Form D records $17,298,888 sold to 13 investors of a $17,598,887 offering from June 4, 2021, the date recorded here, and the company’s own timeline places the round in June 2021.$18M—
Sep 16, 2020Strategic investmentLockheed Martin Ventures invested in Hidden Level. The amount was not disclosed.——
Mar 27, 2019Form D offeringNo announcement from the company. The filing records $2,031,409 of equity sold to 7 investors of a $3,362,670 offering from March 27, 2019, and does not name the round.——

Primary capital across the rounds on file: $118M

Revenue

No citable revenue figure on file.

Secondary venues

  • Clarity (formerly Hiive)public page seen Oct 11, 2026

    Clarity Price $5.95, as of Oct 11, 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 down 20.67 percent all time.

  • Nasdaq Private Marketpublic page seen Oct 11, 2026

    No price on the public page.

    The page shows no price figure in its text or its title.

  • Caplightpublic page seen Oct 11, 2026

    No price on the public page.

    No public MarketPrice for Hidden Level; the page states that no recent secondary market data is available and shows only Caplight’s last-round figures.

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

Acquisition: Watch

A cited tie to a plausible buyer: a strategic partner, an investor stake, a tender offer, a stated appetite. Nothing reported.

Prepared by PiggyGPT, as of Oct 11, 2026

Signals

  • Sep 16, 2020Lockheed Martin Ventures made a strategic investment in Hidden Level to work on air surveillance and security through distributed sensor networks.Hidden Level (company release), Sep 16, 2020
  • Jan 17, 2023Hidden Level supports the FAA’s airport drone detection research both on its own and as a partner to Saab, Inc., whose SAFE airport system its Airspace Monitoring Service complemented in 2022 testing at Syracuse.Hidden Level (company release), Jan 17, 2023
  • Feb 21, 2023Booz Allen Ventures made a strategic investment in Hidden Level, tied to Booz Allen’s Digital Battlespace platform for its defense clients.Booz Allen Hamilton (release, reposted by Hidden Level), Feb 21, 2023
  • Jan 27, 2025Hidden Level’s RF sensors were integrated into Saab Inc.’s Autonomous Ocean Core uncrewed surface vessel demonstration at WEST 2025.Hidden Level (company release), Jan 27, 2025
  • Feb 3, 2025Booz Allen Ventures invested again in the $65 million Series C led by DFJ Growth, after taking part in the Series B.Hidden Level (company release), Feb 3, 2025
  • May 21, 2026At SOF Week 2026, Hidden Level’s Airspace Monitoring Service data streamed through Lattice and TAK at Booz Allen Hamilton’s venue.Hidden Level (company release), May 21, 2026
  • Jul 30, 2026The Department of War awarded Hidden Level a $100 million Other Transaction Authority contract for counter-drone passive sensing, issued through Army Contracting Command, Rock Island.Hidden Level (company release), Jul 30, 2026

Named counterparties

  • Booz Allen HamiltonIts venture arm made a strategic investment in 2023 and took part in the Series B and Series C. No interest in a deal has been reported.Hidden Level (company release), Feb 3, 2025
  • Lockheed MartinLockheed Martin Ventures made a strategic investment in 2020 and was an existing investor in the Series A. No interest in a deal has been reported.Hidden Level (company release), Jan 23, 2021
  • SaabA partner through Saab, Inc. on FAA airport drone detection research and in its Autonomous Ocean Core demonstration. Holds no stake on file.Hidden Level (company release), Jan 27, 2025

Counterparties are named for a cited reason: a partnership, an investment, or a stated appetite. Naming is not a forecast.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 11, 2026