Heven AeroTech, a developer of hydrogen-powered Unmanned Aerial Systems (UAS), has secured a $100 million Series B funding round, which now values the company at $1 billion.
The new investment is intended to position Heven AeroTech to meet increasing demand for long-endurance, energy-independent UAS platforms from U.S. Special Operations Command, combatant commands, and allied forces.
The Series B round was led by strategic investor IonQ, a quantum computing leader, and included participation from returning investors such as Texas Venture Partners. Founded in 2019, the Virginia-based company specializes in hydrogen fuel cell propulsion for extended-endurance aerial systems. Its flagship Z1 platform offers flight times exceeding 10 hours and ranges over 600 miles, providing operational capability for defense, public safety, and commercial missions.
Bentzion Levinson, CEO and Founder of Heven AeroTech “Reaching unicorn status validates not just our technology, but our execution. This capital will enable us to scale U.S. manufacturing capacity, accelerate quantum-enabled capabilities across our platform, and deliver long-endurance hydrogen-powered systems at the speed and volume our national security customers demand. We’re building for the battlefield of today and tomorrow.”
The funding will be deployed across three strategic priorities aligned with observed customer demand: U.S. Manufacturing, Rapid Fielding, and Advanced Systems & Quantum Integration. Manufacturing will focus on expanding domestic production infrastructure to meet surging demand and eliminate supply chain dependencies. Rapid Fielding involves building out hydrogen generation and logistics infrastructure to support persistent forward operations.
Advanced Systems & Quantum Integration will focus on developing quantum-secure communications, alternative Positioning and Navigation Systems (PNT) for GPS-denied environments, and Artificial Intelligence (AI)-powered autonomous operations.
Following its strategic partnership with IonQ, Heven will immediately launch a new quantum-focused engineering division. This division will emphasize integrating quantum computing capabilities directly into the company’s platforms. This expansion is designed to provide customers with next-generation PNT solutions for contested and degraded operating theaters, a critical need identified by the Pentagon following conflicts in Ukraine and Gaza.
