Overwatch Imaging, an Oregon venture that makes airborne imaging systems for piloted aircraft and drones, has closed on an $11.15 million investment round led by Squadra Ventures and Shield Capital.
Other participants in the round include the Portland Seed Fund and two strategic investors, L3Harris and Bridger Aerospace.
Overwatch said the fresh funding will be used to accelerate the company’s growth and enhance its automation and image analytics software. The company plans to hire 15 to 20 more engineers and business development professionals this year.
Founded in 2016, the Hood River, Ore.-based startup specializes in precision imaging systems equipped with onboard AI software. The dual-use systems can be used for defense applications as well as for civilian applications including search-and-rescue, wildfire mapping, disaster response and infrastructure inspections.