Overview

Beehive Industries, LLC provides a cloud-based asset management platform for infrastructure operators, including municipalities and utilities, to organize data about physical assets and control access. The hosted software is accessed via the internet on a subscription basis, with features for asset data management, access control, and alignment with existing client workflows. It differentiates itself by prioritizing simplicity, flexible workflows, and data integrity, adapting to client processes rather than enforcing rigid changes. Its goal is to help public-asset organizations run their infrastructure more efficiently while reducing staff workload.

Simplify's Take

What believers are saying

• Secured $29.7M U.S. Air Force contract for Frenzy engine family development.
• Holds ISO-9000 certifications supporting aerospace and defense manufacturing contracts.
• Expanded with $4M Knox County facility in May 2024 for scaled production.

What critics are saying

• Air Force cancels $29.7M Frenzy contract after flight test failures in 12 months.
• SLM Solutions undercuts Beehive's cost edge with higher production for Boeing.
• Raytheon secures drone funding shift, terminating Beehive's contracts in 18 months.

What makes Beehive Industries unique

• Beehive Industries pioneers additively-enabled jet engines for unmanned defense applications.
• Largest U.S. contract manufacturer for metal 3D printing and additively-enabled castings.
• Collaborates with ORNL on precision aerospace components using advanced additive manufacturing.

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Funding

Total Funding

$3.5M

Below

Industry Average

Funded Over

2 Rounds

$2,500,000

Series A

Jul 2014

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$2.5M

$3.7M

$5M

$8.2M

$15M

$30M

View all funding stages