Palladyne AI
NASDAQ: PDYNSalt Lake City, US · Founded 2020 · Delaware corporation
Palladyne AI develops an edge AI platform (DECA architecture) that runs on-device without cloud dependency, enabling machines to perceive and act locally in real time. It serves aerospace and defense with loitering munitions, drone swarming software, and avionics, and serves industrial customers with software deployed on existing robots for tasks like pick-and-place and surface preparation.
Founders & leadership
SS
Stephen SonneExecutive
MV
Matthew VogtExecutive
DG
Denis GaragicExecutive
TT
Trevor ThatcherinExecutive
BG
Benjamin G. WolffExecutive
KM
KRISTI MARTINDALEinExecutive
DG
DENIS GARAGICExecutive
SH
STEVEN HANSENExecutive
DW
DENNIS WEIBLINGNamed on SEC filing
PK
PETER KLEINNamed on SEC filing
PB
PRIYA BALASUBRAMANIAMNamed on SEC filing
JP
JURGEN PEDERSENNamed on SEC filing
Reported raises · per SEC filings
Form D private placements$60.8M disclosed across 2 rounds · 2022–2024
▶$6.9MraisedNov 2024 · 4 investors · Other TechnologyRule 506(b)
▶$6.9MraisedNov 2024 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Stephen SonneExecutive Officer
- Brian D. FinnDirector
- Laura J. PetersonDirector
- Dennis WeiblingDirector
- Matthew VogtExecutive Officer
- Matthew Shigenobu MutaDirector
- Eric T. OlsonDirector
- Denis GaragicExecutive Officer
- Trevor ThatcherExecutive Officer
- Benjamin G. WolffExecutive Officer, Director
- Offering amount
- $6.9M
- Amount sold
- $6.9M
- Sales commissions
- $420K
- Placement agents
- A.G.P./Alliance Global Partners
- First sale
- Oct 2024
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$53.9MraisedMay 2022 · 26 investors · Other TechnologyRule 506(b)
▶$53.9MraisedMay 2022 · 26 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- DENNIS WEIBLINGDirector
- BENJAMIN G. WOLFFExecutive Officer, Director
- LAURA J. PETERSONDirector
- PETER KLEINDirector
- PRIYA BALASUBRAMANIAMDirector
- BRIAN D. FINNDirector
- KRISTI MARTINDALEExecutive Officer
- ERIC T. OLSONDirector
- DENIS GARAGICExecutive Officer
- JURGEN PEDERSENExecutive Officer
- MATTHEW SHIGENOBU MUTADirector
- STEVEN HANSENExecutive Officer
- KIVA ALLGOODExecutive Officer, Director
- Offering amount
- $53.9M
- Amount sold
- $53.9M
- First sale
- Apr 2022
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 4
by search overlap
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In the news
Frequently asked questions
- What does Palladyne AI do?
- Palladyne AI develops an edge AI platform (DECA architecture) that runs on-device without cloud dependency, enabling machines to perceive and act locally in real time. It serves aerospace and defense with loitering munitions, drone swarming software, and avionics, and serves industrial customers with software deployed on existing robots for tasks like pick-and-place and surface preparation.
- How much funding has Palladyne AI raised?
- Palladyne AI has disclosed $60.8M raised across 2 rounds.
- Where is Palladyne AI headquartered?
- Palladyne AI is headquartered in Salt Lake City, US.