Fundraising Fox

Firestorm

San Diego, US · Founded 2022 · 26 known investors

Firestorm Labs builds xCell, a containerized 3D-printing factory that produces modular military drones at the point of need.

Also known as Firestorm Labs · Firestorm Labs, Inc.

Founders & leadership

Firestorm was founded in 2022 by Daniel Magy, Chad McCoy, and Ian Muceus.

DM
Daniel MagyCo-founder
CMChad McCoy
Chad McCoyinFounder
IM
Ian MuceusinFounder

Board

TH
Tommy HendrixBoard director
AJAaron Jacobson
Aaron Jacobsonin𝕏Board directorPartner at New Enterprise Associates (NEA)

Investors · 26

Also in the syndicate · 6

GeodesicJ.P. MorganLockheed MartinNew Enterprise AssociatesleadOndasWashington Harbour Partners

Reported raises · per SEC filings

Form D private placements
$35MraisedMar 2026 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Aaron JacobsonDirector
  • Mina FaltasDirector
  • Daniel MagyExecutive Officer, Director, Promoter
  • Ian MuceusExecutive Officer, Director, Promoter
Offering amount
$75M
Amount sold
$35M
First sale
Feb 2026
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$5MraisedJan 2026 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tommy HendrixDirector
  • Daniel MagyExecutive Officer, Director, Promoter
  • Ian MuceusExecutive Officer, Director, Promoter
  • Aaron JacobsonDirector
  • Dave AlbergaDirector
Offering amount
$5M
Amount sold
$5M
First sale
Jan 2026
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.5MraisedOct 2025 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tommy HendrixDirector
  • Dave AlbergaDirector
  • Aaron JacobsonDirector
  • Ian MuceusExecutive Officer, Director, Promoter
  • Daniel MagyExecutive Officer, Director, Promoter
Offering amount
$5M
Amount sold
$2.5M
First sale
Oct 2025
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$10MraisedJun 2025 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Aaron JacobsonDirector
  • Dave AlbergaDirector
  • Tommy HendrixDirector
  • Daniel MagyExecutive Officer, Director, Promoter
  • Ian MuceusExecutive Officer, Director, Promoter
Offering amount
$10M
Amount sold
$10M
First sale
Jun 2025
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$20MraisedOct 2024 · 33 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tommy HendrixDirector
  • Aaron JacobsonDirector
  • Daniel MagyExecutive Officer, Director, Promoter
  • Ian MuceusExecutive Officer, Director, Promoter
Offering amount
$25M
Amount sold
$20M
First sale
Sep 2024
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.5MraisedMay 2024 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tommy HendrixDirector
  • Daniel MagyExecutive Officer, Director, Promoter
  • Ian MuceusExecutive Officer, Director, Promoter
Offering amount
$3M
Amount sold
$2.5M
First sale
Apr 2024
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8MraisedMar 2024 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel MagyExecutive Officer, Director, Promoter
  • Ian MuceusExecutive Officer, Director, Promoter
  • Tommy HendrixDirector
Offering amount
$10M
Amount sold
$8M
First sale
Nov 2023
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.1MraisedMar 2023 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel MagyExecutive Officer, Director, Promoter
  • Ian MuceusExecutive Officer, Director, Promoter
Offering amount
$7M
Amount sold
$2.1M
First sale
Sep 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Firestorm Labs, Inc. is a San Diego-based defense manufacturing company that develops expeditionary, point-of-need production systems for unmanned aircraft. Its core product, xCell, is a containerized "factory-in-a-box" built around an industrial-grade HP 3D printer that prints drone airframes and shells, mission-specific payloads and replacement components in the field, with drone systems printable in under 24 hours. Aircraft produced through the platform, including the Tempest and El Niño UAVs, use an open-architecture, modular design that can be reconfigured for ISR, electronic warfare or strike missions; weapons themselves are not printed and are integrated separately. The company also offers a modularity suite combining an onboard computer, tactical software, developer tools and mission planning, and states its systems operate without reliance on GPS or communications links.

The company began as a drone manufacturer and pivoted toward field-deployable manufacturing after customers asked for production closer to the front lines. Two xCell units are deployed domestically, one with the Air Force Research Laboratory in Rome, New York, and one with Air Force Special Operations Command in Florida, and the company says the platform is also operational in the Indo-Pacific, which it identifies as its primary theater of focus. The Army has used xCell to print on-site replacement parts for a Bradley Fighting Vehicle. All platforms are delivered to uniformed Department of Defense operational commands.

Founding story

Dan Magy co-founded Firestorm and serves as CEO; he is a San Diego native and serial defense entrepreneur who previously founded Citadel Defense, acquired by Blue Halo, and co-founded Elevate Dynamics, and studied at the London School of Economics and UCLA. Co-founder Chad McCoy, a career special operations veteran, is Chief Strategy Officer, and co-founder Ian Muceus, who holds over a dozen 3D-printing patents, is Chief Technology Officer.

Business model

Firestorm sells hardware and delivers work under government contracts across all branches of the U.S. military, including a U.S. Air Force agreement for unmanned aerial systems development with a $100 million ceiling over five years, of which $27 million had been obligated as of April 2026. It has also received more than $3 million in federally funded contracts. A partnership program broadens distribution, and the company holds a five-year global exclusive with HP covering use of HP industrial 3D printing technology in mobile deployment units.

Revenue comes from hardware sales and U.S. government contracts spanning the military services.

Traction

As of July 2025 the company reported about 60 employees in San Diego and roughly 80 in total, with plans to hire up to 50 more across engineering, design and business development, and it had secured multiple DoD contracts including more than $3 million in federally funded awards and an Air Force agreement worth up to $100 million over five years. By April 2026 total funding reached $153 million, $27 million of the Air Force ceiling had been obligated, and two xCell units were deployed domestically with additional operations in the Indo-Pacific.

Latest developments

In April 2026 Firestorm announced an $82 million Series B led by Washington Harbour Partners with NEA, Ondas, In-Q-Tel, Lockheed Martin, Booz Allen Ventures, Geodesic and Motley Fool Ventures participating, lifting total funding to $153 million. The company said two xCell units were deployed domestically, that the platform was operational in the Indo-Pacific, and that it aims for full operational deployment in that region ideally within two years.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Firestorm operates in the U.S. defense technology sector, positioned around contested logistics, which the Pentagon designates one of six national critical technology areas. It is described as one of a small number of defense startups based in San Diego, a region also home to Shield AI and to larger players such as Anduril Industries. Investors include strategic corporate and government-linked backers such as Lockheed Martin Ventures, Booz Allen Ventures and In-Q-Tel.

Firestorm combines edge additive manufacturing with modular, open-architecture aircraft and low-cost, high-volume production pathways, allowing units to replenish and reconfigure drone fleets in contested environments without returning systems to centralized facilities. Its exclusive arrangement with HP for industrial 3D printers in mobile deployment units and the absence of vendor lock-in or GPS/communications dependence are cited as distinguishing factors.

Technology

Distributed additive manufacturing is the core technology: xCell containers house industrial-grade HP 3D printers that produce modular airframes, payloads and spare parts at the point of need, cutting production timelines and logistics dependencies. Printed drone systems can be completed in under 24 hours and reconfigured for surveillance, electronic warfare or strike roles. A plug-and-play modularity suite unites an onboard computer, tactical software, developer tools and mission planning, with autonomy and control at the edge that does not depend on GPS or communications. CTO Ian Muceus holds more than a dozen patents in 3D printing.

Go-to-market

The company sells directly to U.S. government and DoD customers through federal contracts and hardware sales, supported by a partnership program, an exclusive HP 3D printing arrangement for mobile deployment units, and field demonstrations and facility visits with senior military leaders. Its Series A funding was directed in part at broadening the partnership program.

U.S. Department of Defense operational commands across all military branches, including the Air Force, Air Force Research Laboratory, Air Force Special Operations Command, Army, Navy, Marine Corps and Coast Guard, as well as allied defense organizations.

Geography

Headquartered in San Diego, California, previously in the Kearny Mesa area with a 14,000-square-foot warehouse and relocating to a facility roughly three times that size. Staff are also based in Los Angeles, San Francisco and Florida. Deployed xCell units are located in Rome, New York and Florida, and the company says the platform is operational in the Indo-Pacific.

History

Founded in 2022, Firestorm started as a defense contractor making drones for the U.S. Department of Defense using 3D printing, then shifted toward containerized, field-deployable manufacturing as customers sought production nearer to the front lines. It raised a $12.5 million seed round in March 2024, a $47 million Series A in July 2025 that included $12 million of venture debt from J.P. Morgan, and an $82 million Series B announced in April 2026, bringing total funding to $153 million.

Risks & controversies

Firestorm's CEO confirmed that its platforms are capable of lethal operations, with weapons added separately rather than 3D-printed and all systems delivered to uniformed DoD commands for use under military doctrine. Revenue is concentrated in U.S. government contracts, and only $27 million of the $100 million Air Force ceiling had been obligated as of April 2026.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Air force contract ceilingApr 2026$100M
Air force contract obligatedApr 2026$27M
Drone print timeApr 202624 hours
EmployeesJul 202580 people
Employees san diegoJul 202560 people
Facility sizeJul 202514,000 square feet
Federally funded contracts receivedJul 2025$3M
Planned hiringJul 202550 people
Total fundingApr 2026$153M
Xcell units deployed domesticallyApr 20262 units

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 6

launches, deals, and filings
Apr 2026
xCell units deployed with Air Force Research Laboratory and AFSOC, plus Indo-Pacific operations

Two xCell units are deployed domestically, one with the Air Force Research Laboratory in Rome, New York and one with Air Force Special Operations Command in Florida; the company says the platform is also operational in the Indo-Pacific and targets full operational deployment there ideally within two years.

source ↗

Apr 2026
Firestorm Labs raises $82M Series B led by Washington Harbour Partners

Series B of $82 million with participation from NEA, Ondas, In-Q-Tel, Lockheed Martin, Booz Allen Ventures, Geodesic and Motley Fool Ventures, bringing total funding to $153 million.

$82M source ↗

Jul 2025
Relocation to a San Diego facility three times the size of its Kearny Mesa warehouse

Firestorm is moving from its 14,000-square-foot Kearny Mesa warehouse to a facility roughly three times larger and plans to hire up to 50 additional employees across engineering, design and business development.

source ↗

Jul 2025
Exclusive agreement with HP for industrial 3D printers in mobile deployment units

Firestorm holds a five-year global exclusive with HP to use HP industrial 3D printing technology in mobile deployment units; purchases of industrial-grade 3D printers for mobile use must go through Firestorm's platform.

source ↗

Jul 2025
U.S. Air Force agreement to develop unmanned aerial systems worth up to $100M over five years

Firestorm is working with the U.S. Air Force on unmanned aerial systems development under an agreement with a $100 million ceiling over five years; $27 million had been obligated as of April 2026.

$100M source ↗

Jul 2025
Firestorm Labs announces $47M Series A led by NEA, including $12M venture debt from J.P. Morgan

Series A of $47 million led by NEA with Lockheed Martin Ventures, Decisive Point, Washington Harbour Partners and Booz Allen Ventures participating; the total includes $12 million of venture debt from J.P. Morgan. Proceeds are earmarked for engineering hires, a larger production facility, a broader partnership program and scaling the xCell expeditionary factory.

$47M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Firestorm LabsDelaware

In the news

Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Firestorm do?
Firestorm Labs builds xCell, a containerized 3D-printing factory that produces modular military drones at the point of need.
Who founded Firestorm?
Firestorm was founded by Daniel Magy, Chad McCoy, Ian Muceus in 2022.
Who are Firestorm's investors?
Firestorm's investors include Beyond Capital, Black Flag, Booz Allen Ventures, BVVC, Capital Factory, Decisive Point, Fulcrum Venture, Geodesic Capital and 12 more.
Where is Firestorm headquartered?
Firestorm is headquartered in San Diego, US.