Reveal Technology Raises $30 Million Series B Led by Ballistic Ventures

Cybersecurity veteran Kevin Mandia joins board as defense tech company expands battlefield-ready solutions

BOZEMAN, Mont., July 29, 2025 /PRNewswire/ -- Reveal Technology, a veteran-founded defense technology company, today announced the close of a $30 million Series B funding round. The investment was led by Ballistic Ventures, with participation from defy.vc, Booz Allen Ventures, Shield Capital, Next Frontier Capital, and Madison Valley Partners.

Founded by former U.S. Marine Corps officers and Stanford technologists, Reveal is part of a new generation of defense tech companies winning the trust of both investors and frontline users. The funding reflects a growing focus on battlefield-ready platforms, with Reveal developing real-time intelligence tools for mission-critical environments that work without cloud or connectivity.

Reveal has increased its revenue tenfold year over year, with products actively deployed across the U.S. Army, Special Operations Command, Marine Corps, law enforcement agencies and foreign military forces including Ukrainian Defense Forces, UK Ministry of Defence, and Israeli Defense Forces. Current deployments include Farsight tactical mapping software integrated across Marine Corps units and Army Nett Warrior programs, while Identifi biometric systems are in production for Special Operations forces across United States Army Special Operations Command (USASOC), Marine Forces Special Operations Command (MARSOC), and Naval Special Warfare (NSW) units.

As part of the Series B investment, Kevin Mandia, Co-founder and General Partner of Ballistic Ventures, will join Reveal's board of directors. A former U.S. Air Force officer and founder of Mandiant, Mandia brings deep experience in cybersecurity and scaling national security companies. He joins Gen. Peter Pace, former Chairman of the Joint Chiefs of Staff, and Les Craig, a former CIA tech operations and Army Infantry officer.

"On the frontlines, whether a global conflict or a public safety operation, success increasingly hinges on having access to the best intelligence available offline, under fire and in real time. That's exactly what Reveal delivers," said Mandia. "Reveal's technology accelerates human decision-making where and when it matters most. It's built by people who have lived the mission, and we're proud to support Garrett and the team."

"Investors are starting to see what operators have known for years: the most valuable tools are the ones that work when everything else breaks down. This financing helps us double down on building products that work offline, under fire, and in real time," said Reveal CEO and founder Garrett Smith, who continues to serve as a Marine Corps reserve officer, and who co-founded the company in December 2018 after experiencing operational technology gaps during his combat service.

Reveal positions itself as a software-first alternative to traditional defense primes, delivering offline platforms built for the tactical edge. The company's flagship products include Farsight, which converts drone video into 3D maps on smartphones without internet connectivity, and Identifi, a mobile biometrics system for human identity vetting in tactical environments. Its product roadmap includes expansion into the electronic warfare and cyber domains, as well as technologies enabling autonomy and decision speed for human employment of tactical robotics.

"Reveal is building one of the most important defense technology platforms of our time, one that brings real-time, mission-critical intelligence directly to the edge. Their ability to operate without the cloud or constant connectivity is a game-changer for teams in the field," said Neil Sequeira, Co-Founder and Managing Director of defy.vc. "We were drawn to Garrett and the team from its inception due to their deep operational experience, technical rigor, and unwavering commitment to the warfighter. Defy is proud to support Reveal as they scale into a multi-product company delivering cutting-edge, decentralized solutions for national security."

Reveal Technology was founded in December 2018 and is based in Bozeman, Montana. The company has received previous funding, including an $11.2 million Series A round in 2024 led by Next Frontier Capital.

About Reveal Technology, Inc.
Reveal Technology is a veteran-founded defense technology company building the ecosystem for autonomy at the tactical edge. Founded by former U.S. Marine Corps officers and Stanford technologists, Reveal delivers offline intelligence platforms that work when connectivity doesn't, enabling real-time decision-making in contested environments. The company's flagship products, Farsight (3D mapping from drone video) and Identifi (mobile biometrics), are deployed across U.S. Army, Special Operations Command, Marine Corps, and international forces. Based in Bozeman, Montana, with a team that is 50% active military and veterans, Reveal Technology is dedicated to providing warfighters with mission-critical tools that work offline, under fire, and in real time.

Ballistic Ventures
Ballistic Ventures is a venture capital firm solely dedicated to early-stage cybersecurity and cyber-related companies. The partners have spent their entire careers defending against every cyber threat conceivable. Members of the firm have founded, operated, and funded over 100 successful cybersecurity firms – including Abnormal Security, AlienVault, ArcSight, Fortify, Mandiant, and Shape Security – led over 10,000 security professionals globally, and have 40+ years of experience in venture capital. Our experience provides entrepreneurs impactful support from people focused on the same mission. Our networks and relationships open doors for our founders. Learn more at ballisticventures.com.

About defy.vc
Founded in 2016, defy.vc is a Silicon Valley based early stage venture capital firm. Defy was founded to invest in entrepreneurs and companies looking to solve complex problems. Defy's focus is to help early stage companies mature and scale into companies ready for growth capital. The firm's team has more than 50 years of venture experience, successful operating backgrounds, and actively helps successful entrepreneurs grow companies from inception through exit. Connect with defy at https://defy.vc/ and @defyvc.

SOURCE Reveal Technology, Inc.