XTEND raised $40M in a Series B funding led by Chartered Group to develop robot and drone operating system for military use
Amount Raised
$40 Million
Round Type
Series B
Investors
Description
XTEND, which develops an AI-driven operating system for drones and robots, has raised $40 million in Series B funding. The funding round was initiated before the start of the war in Gaza, leading the company to shift its focus to developing systems for the IDF.
Quick answer
XTEND raised $40 Million in a Series B round, dated May 8, 2024. Investors: Clal Tech and Chartered Group.
- How much did XTEND raise?
- XTEND raised $40 Million in a Series B round on May 8, 2024.
- Who invested in XTEND?
- Clal Tech and Chartered Group are named as investors in this round.
- What does XTEND do?
- XTEND is a software-first defense technology company specializing in autonomous systems.
- Where is XTEND based and how big is it?
- Fundz records about 120 employees.
- Who are the decision-makers at XTEND?
- Fundz holds 5 contacts at XTEND, including the EVP, Global Sourcing. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Security and Cyber Security around the same time
Companies in the same sectors as XTEND that raised within 45 days of this round, from Fundz verified event records.
- Bolster raised $14M (Funding Round) on May 22, 2024.
- TrojAI raised $5.8M (Seed) on April 3, 2024.
- TrojAI raised $2.5M (Seed) on March 25, 2024.
- Dropzone AI raised $17M (Series A) on April 25, 2024.
- Web3Firewall raised $2.5M (Pre-Seed) on April 4, 2024.
- ConfidentialMind raised $1.6M (Pre-Seed) on June 20, 2024.
Who to call at XTEND, and when
A new round usually means XTEND is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day XTEND raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at XTEND, from your own LinkedIn network
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Funding Insights
What this usually meansXTEND raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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