When was Firestorm founded?

Firestorm was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Firestorm located?

Firestorm is headquartered in San Diego, United States.

Who is the current CEO of Firestorm?

Dan Magy of Firestorm. They have also founded 1 company.

How many employees does Firestorm have?

As of Sep 30, 2026, the latest employee count at Firestorm is 230.

Is Firestorm a funded company?

Firestorm is a funded company, having raised a total of $160M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 15, 2023.

How much is Firestorm worth?

The latest valuation of Firestorm is $***** as of Mar 04, 2026.

When was the latest funding round of Firestorm?

Firestorm's latest funding was a $***** Series B round on Feb 20, 2026, with participation from 8 investors. Its primary sector is Drones. In United States, the Drones sector has seen $8.13B in funding in 2026 to date.

Where does Firestorm rank among its competitors?

Firestorm ranks 8th amongst 485 active competitors, of which 73 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Fortem Technologies, which secured $50M in Oct, 2026.

Who are the top competitors of Firestorm?

Firestorm's top competitors include Anduril, Skydio and Shield AI. Among them, Fortem Technologies secured the most recent funding round in October, 2026.

Firestorm - 2026 Company Profile, Team, Funding & Competitors

Firestorm is a series B company based in San Diego (United States), founded in 2022 by Ian Muceus, Chad McCoy, Ian M and Dan Magy. It operates as a Developer of modular, mission-adaptable unmanned aerial systems and manufacturing solutions. Firestorm has raised $160M in funding from investors like New Enterprise Associates, Beyond Capital Fund and Lockheed Martin, with a current valuation of $*****. The company has 485 active competitors, including 73 funded and 33 that have exited. Its top competitors include companies like Anduril, Skydio and Shield AI.

Company Details

Developer of modular, mission-adaptable unmanned aerial systems and manufacturing solutions. The company provides adaptable aerial vehicles and aims to reduce total ownership costs through digital efficiencies. It offers manufacturing cells for unmanned aerial systems, spare parts, and polymer needs. The company's systems feature open architecture, extending modularity to the airframe.

Key Metrics

Founded Year

2022

Location

San Diego, United States

Stage

Series B

Total Funding

$160M in 8 rounds

Latest Funding Round

Series B, Feb 20, 2026, $*****

Post Money Valuation

$***** as on Mar 04, 2026

Investors

New Enterprise Associates & 23 more

Ranked

8^th among 485 active competitors

Employee Count

230 as on Sep 30, 2026

Similar Companies

Daedalean & 323 more

View Firestorm's full profile

Firestorm is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Firestorm Labs, Inc. CIN: 882061142 , United States, Active	Mar 16, 2023	-	47 (As on Dec 31, 2024)	-

Firestorm has raised a total funding of $160M over 8 rounds. Its first funding round was on Mar 15, 2023. Its latest funding round was a Series B round on Feb 20, 2026 for $*****. 8 investors participated in its latest round. Firestorm has 24 institutional investors.

Here is the list of recent funding rounds of Firestorm:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 20, 2026	5259565	Series B	1093952	3549992	1357948	8014759
Jul 16, 2025	9629276	Series A	5675493	9560648	1712044	Lockheed Martin & 3 more
Jul 16, 2025	8766973	Venture Debt	1197916	4917527	3504822	J P Morgan

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View details of Firestorm's funding rounds and investors

The founders of Firestorm are Ian Muceus, Chad McCoy, Ian M and Dan Magy. Dan Magy is the CEO of Firestorm.

Here are the details of Firestorm's key team members:

Ian Muceus: Co-Founder & Lead Inventor & & CTO of Firestorm.
Contact Info: 1 email address
Chad McCoy: Co-Founder & Chief Growth Officer of Firestorm.
Contact Info: 1 email address
Ian M: Co-Founder, Lead Inventor, & CTO of Firestorm.
Contact Info: 1 email address
Dan Magy: Co-Founder & CEO of Firestorm.
Contact Info: 1 email address

View details of Firestorm's Founder profiles and Board Members

Firestorm's employee count trend

Firestorm has 230 employees as of Sep 26. Here is Firestorm's employee count trend over the years:

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Top competitors of Firestorm include Anduril, Skydio and Shield AI. Here is the list of Top 10 competitors of Firestorm, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Anduril 2017, Costa Mesa (United States), Series H	Provider of AI-driven defense and autonomous systems across air, land, sea, and space domains	$11.3B	Founders Fund, Andreessen Horowitz & 88 others	76/100
2nd	Skydio 2014, San Mateo (United States), Series F	Manufacturer of autonomous drones and related software, services, and accessories	$825M	Andreessen Horowitz, IVP & 37 others	74/100
3rd	Shield AI 2015, San Diego (United States), Series G	Developer of AI-powered platforms and software for defense applications	$3.52B	Disruptive, JPMorganChase & 45 others	70/100
4th	XTEND 2018, Florida (United States), Series B	Developer of AI-assisted tactical unmanned aerial systems for military use	$110M	Chartered High Tech, Aliya & 22 others	68/100
5th	Daedalean 2016, Zurich (Switzerland), Acquired	Developer of airborne systems for flight autonomy	$69.8M	Honeywell, Carthona Capital & 10 others	66/100
6th	Fortem Technologies 2016, Provo (United States), Series B	Developer of airspace security and defense solutions for drone threats	$144M	DCVC, Lockheed Martin & 11 others	66/100
7th	STARK 2024, Berlin (Germany), Series C	Developer of AI-enabled, software-defined unmanned systems for defense and military applications	$634M	Sequoia Capital, Founders Fund & 11 others	66/100
8th	Firestorm 2022, San Diego (United States), Series B	Developer of modular, mission-adaptable unmanned aerial systems and manufacturing solutions	$160M	645 Ventures, Motley Fool Ventures & 22 others	65/100
9th	Flying Wedge Defence & Aerospace 2022, Bengaluru (India), Seed	Manufacturer of autonomous unmanned aircraft and loitering munitions	$3.44M	KBG ENGINEERS, Samrridhi & 73 others	62/100
10th	Neros 2023, Los Angeles (United States), Series C	Manufacturer of unmanned aerial vehicles and ground control station systems	$371M	Sequoia Capital, Vy Capital & 13 others	62/100