Xtend’s $40 Million Rollercoaster Ride: Brace Yourself for the Thrills!

Xtend brings up a $40mil investment to ensure bigger and better defence drones!

Xtend Raises $40 Million to Boost Defense Robotics

In a strategic move towards bolstering defence robotics, Xtend, a company founded by brothers Aviv and Matteo Shapira, secures a substantial $40 million funding round, bringing its post-money valuation to approximately $110 million. The Israeli-based startup, renowned for its innovative platform facilitating intuitive control of drones and robots, garnered attention with its unique blend of human supervision and autonomous capabilities. The funding injection, led by Chartered Group, propels Xtend into a pivotal phase of expansion and technological advancement, with plans to scale its workforce by 50% across key locations like the U.S., Israel, and Singapore. The company aims to refine its platform-as-a-service and software-as-a-service models while eyeing international growth, particularly in markets like Japan.

Bridging Human Expertise with Advanced Robotics

Xtend’s mission to bridge the gap between human expertise and advanced robotics takes a leap forward with its latest funding round. The platform empowers operators to manage drones and robots seamlessly, combining human intuition with AI-powered autonomy. With applications spanning industries from public safety to logistics, Xtend positions itself as a key player in the evolving landscape of defence technology. Amidst growing concerns over regulatory frameworks and ethical considerations, Xtend navigates the complexities of its industry, aiming to empower professionals while addressing societal apprehensions.

Controversy and Growth: Xtend’s Complex Trajectory

As Xtend ventures into new civil market opportunities and solidifies its presence in defence and law enforcement sectors, it faces scrutiny and controversy. International monitors raise concerns over the company’s involvement in military projects and its receipt of EU funding despite prohibitions on military ventures. Despite these challenges, Xtend’s strategic partnerships and contracts with defence agencies signal a trajectory of growth and influence in the realm of robotics and autonomy.

Source: TechCrunch

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