# Citadel Defense Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citadel-defense-company

- Industry: Aerospace
- Headquarters: National City, US
- Website: www.dronecitadel.com
- Total disclosed funding: $12M
- Latest round: Series A (Aug 8, 2017)
- Investors on record: 1

## About

Citadel Defense Company specializes in advanced drone technology solutions designed for various sectors, including agriculture, construction, and security, enhancing operational efficiency and decision-making through innovative aerial surveillance.Founded in 2016 and headquartered in National City, US, Citadel Defense Company offers advanced drone technology focused on security enhancement. The company underwent a significant change when it was acquired by Bluehalo from Lightspeed Venture Partners in November 2021 for undisclosed terms. The company has completed a total of 3 deals, with its latest funding round being a Series A that raised USD 12.00 mn, led by Lightspeed Venture Partners. The founder, Joseph Makol, has a history of establishing innovative tech businesses, contributing to the growth and development of Citadel Defense Company.Citadel Defense provides advanced drone technology solutions tailored for various industries, including agriculture, construction, and security. Their offerings include high-performance drones equipped with sophisticated sensors and imaging capabilities for aerial surveillance, data collection, and mapping. These drones are designed to enhance decision-making for clients like farmers and construction firms. Citadel’s products serve a diverse clientele, including commercial enterprises and governmental organizations, across North America, Europe, and select Asia-Pacific countries. The company continuously updates its drone capabilities to meet the evolving demands of its customers.Citadel Defense generates revenue through direct sales and subscription-based models. They offer flagship drone models for outright purchase or leasing, including ongoing support and software updates. The company partners with retailers and wholesalers to distribute its products, enhancing market penetration. Additional revenue streams come from subscription services for data analytics and cloud storage, providing clients with seamless access to drone-generated insights, thereby positioning the company for sustained growth in a competitive market.Citadel Defense is focusing on expanding its product offerings and geographic reach. Following its acquisition by Bluehalo, the firm aims to integrate its security solutions with those of Bluehalo to enhance its service capabilities. Upcoming products are set to improve defense capabilities, although specific release dates have not been disclosed. Plans are in place to target new markets, particularly in Europe and Asia-Pacific, by 2023. The recent Series A funding of USD 12.00 mn will support these initiatives, enabling Citadel to enhance its technological offerings and expand its operational footprint.

## Funding rounds

- Series A, Aug 8, 2017, $12M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A