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Firestorm

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Developing mission-adaptable aerial vehicles and upending the procurement cost paradigm

San Diego, United StatesFounded 2022Defence
Valuation $250–500M Last recorded · 2026
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Firestorm and the history behind them.

About Firestorm

Firestorm is a San Diego-based company founded in 2022 by Dan Magy, Ian Muceus, and Chad McCoy, specializing in the expeditionary manufacturing of modular Unmanned Aerial Systems (UAS). The company's business model centers on providing the U.S. Department of Defense and allied forces with the capability to rapidly produce and deploy mission-adaptable drones directly in the field. This approach addresses the defense sector's need for faster, more cost-effective systems without the long lead times and high costs of traditional manufacturing.

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The founding team combines deep industry experience. CEO Dan Magy previously founded Citadel Defense, a counter-UAS company acquired by Blue Halo, giving him a foundation in drone-related defense technology. CTO Ian Muceus is an aerospace engineer with extensive expertise in additive manufacturing, holding patents in polymer, ceramic, and metal 3D printing. Chief Strategy Officer Chad McCoy brings direct operational experience from his background in Tier One special operations. Their collective insight into asymmetrical warfare and manufacturing limitations inspired Firestorm's core concept of democratizing air power through affordable, reconfigurable systems.

Firestorm's flagship product is the Tempest, a modular Group 2/3 UAS that can be configured for Intelligence, Surveillance, and Reconnaissance (ISR), electronic warfare, or kinetic strike missions. The company's key differentiator is its proprietary xCell manufacturing unit, a self-contained, semi-automated "factory-in-a-box" that can be deployed to remote locations. Leveraging advanced additive manufacturing, an xCell unit can 3D print a Tempest airframe in under nine hours and produce a fully mission-ready drone in approximately 36 hours, at what the company claims is a fraction of the cost of comparable systems. This enables on-demand production and resupply, reducing logistical dependencies.

The company has secured significant funding and major government contracts that validate its business model. After an initial $12.5 million seed round led by Lockheed Martin Ventures, Firestorm raised $47 million in a Series A round in July 2025. These funds are allocated to expanding its engineering team and opening a larger production facility. Notably, Firestorm was awarded a five-year, $100 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the U.S. Air Force to integrate its systems with programs like AFWERX. Keywords: modular drones, unmanned aerial systems, UAS, additive manufacturing, 3D printing, defense technology, expeditionary manufacturing, Department of Defense, military drones, ISR, electronic warfare, kinetic strike, open architecture, affordable mass, contested logistics, xCell, Tempest drone, battlefield production, drone manufacturing, defense innovation, aerospace engineering, rapid prototyping, Dan Magy, Ian Muceus, Chad McCoy

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
San Diego, United States
Employees
190
Open positions
53
Dealroom signal
94.5/100
Industry
Security
Sub-industry
Public safety
Sector
Defence, Military, Defence Applications, Drones, Modular, Aviation and Aerospace, Aerial Drones, Uav, Unmanned Aerial Vehicles
Technology
Hardware, Deep Tech, Autonomous & Sensor Tech
Business model
Manufacturing
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Apr 2026 $82M $328M NEA · In-Q-Tel · Ondas Holdings · Booz Allen Ventures ↗
DEBTDebt Jul 2025 $12M — JP Morgan ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Firestorm website traffic

Latest recorded traffic for Firestorm is 10K monthly website visits, up 4.2% over the last three months. Firestorm's team grew 24.2% over the past year.

Latest monthly visits10K 3-month web change+4.2% 1-year team growth+24.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

24 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed13 investors entered at this stage

  • Red Cat Holdings
  • Lockheed Martin Global
  • 645 Ventures
  • Backswing Ventures
  • Feldventures
  • Bravo Victor Venture Capital
  • Overmatch Ventures
  • Cubit Capital
  • IronGate Capital Advisors
  • Decisive Point
  • The Veteran Fund
  • Joinbeyond
  • Marque Ventures

Series A10 investors entered at this stage

  • Lockheed Martin Ventures
  • Feld Ventures
  • Harpoon
  • NEA
  • Washington Harbour Partners
  • Booz Allen Ventures
  • In-Q-Tel
  • Ondas Holdings
  • Geodesic Capital
  • Motley Fool Ventures

Series B and later1 investor entered at this stage

Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States99.2%
🇬🇧 United Kingdom0.8%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Firestorm on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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