Reveal Technology Secures $30 Million Series B Led by Ballistic Ventures
On July 29th 2025, Bozeman, Montana headquartered defense technology startup, Reveal Technology, announced the completion of a $30 million Series B funding round. The investment was led by Ballistic Ventures, with additional participation from defy.vc, Booz Allen Ventures, Shield Capital, Next Frontier Capital, and Madison Valley Partners. Previous funding includes an $11.2 million Series A round in 2024 led by Next Frontier Capital.
Established by former U.S. Marine Corps officers and Stanford technologists, Reveal Technology exemplifies a new generation of defense technology enterprises that have gained the confidence of both investors and operational personnel. The recent funding round underscores an increasing focus on battlefield-ready platforms, as Reveal develops real-time intelligence solutions for mission-critical environments which function independently of cloud or network connectivity.
Reveal has achieved significant growth, with its revenue increasing tenfold year over year. Its products are currently deployed across the U.S. Army, Special Operations Command, Marine Corps, law enforcement agencies, and foreign military forces including the Ukrainian Defense Forces, UK Ministry of Defence, and Israeli Defense Forces. Notable deployments include Farsight tactical mapping software utilized within Marine Corps units and Army Nett Warrior programs, alongside Identifi biometric systems for Special Operations units, such as USASOC, MARSOC, and NSW.
With the Series B investment, Kevin Mandia, former U.S. Air Force officer and founder of Mandiant and Co-founder and General Partner of Ballistic Ventures, will join Reveal’s board of directors. He joins Gen. Peter Pace, former Chairman of the Joint Chiefs of Staff, and Les Craig, a former CIA technical operations and Army Infantry officer, on the board. Kevin Mandia commented, “Success on the frontlines - whether in global conflicts or public safety missions - now depends increasingly on access to reliable intelligence in real time, even offline and under challenging conditions. Reveal provides this critical capability, accelerating decision-making precisely when it is needed most. The team’s firsthand mission experience inspires our support.”
Reveal CEO and founder Garrett Smith, who continues service as a Marine Corps reserve officer and co-founded the company in December 2018 after identifying technology gaps during combat, stated, “Investors are recognizing what field operators have long understood: the most valuable tools are those that perform reliably when other systems fail. This financing enables us to further develop products that operate offline, under duress, and deliver results in real time.”
Reveal positions itself as a software-centric alternative to traditional defense prime contractors, focusing on platforms designed for the tactical edge. Flagship products include Farsight, which transforms drone video into 3D maps on smartphones without internet connectivity, and Identifi, a mobile biometrics system for identity verification in tactical settings. Future development plans encompass electronic warfare, cyber capabilities, and technologies that enhance autonomy and accelerate decisions in tactical robotics applications.
Neil Sequeira, Co-Founder and Managing Director of defy.vc, stated, "Reveal is establishing one of the most consequential defense technology platforms today, delivering real-time, mission-critical intelligence directly to the point of need. Their ability to operate independent of cloud infrastructure represents a significant advancement for field teams. Our commitment to supporting Reveal is rooted in the team’s comprehensive operational experience, technical excellence, and steadfast dedication to national security."