XTEND, a company that makes advanced robotic systems for tactical use, has raised an extra $30 million as part of its Series B funding round, which now totals $100 million. The funding was led by Aliya Capital Partners and Protego Ventures, with support from other investors like Claltech, Union-Tech Ventures, Chartered Group, and TAU Ventures.
The company has also opened a new headquarters and a manufacturing facility in Tampa, Florida. As part of the deal, Ross Kestin, the CEO of Aliya Capital Partners, has joined XTEND’s board of directors.
A big reason for XTEND’s recent growth and funding success is what the company did during the Swords of Iron war. At that time, XTEND made a major change and focused entirely on defense work.
CEO Aviv Shapira said the company has shifted all its efforts to providing various types of drones to support military operations.
XTEND’s advanced robotics systems are actively deployed by the US Department of Defense, various European countries, the United Kingdom, Singapore, and the Israel Defense Forces (IDF). CEO Aviv Shapira stated: “The successful completion of our Series B financing highlights the surging demand for mission-critical autonomous systems from allied defense and public safety agencies. The investment will fuel accelerated R&D, scale manufacturing, and global deployment expansion.”
XTEND was started in 2018 by brothers Aviv Shapira (CEO) and Matteo Shapira (CXO), along with Rubi Liani (CTO) and Adir Tubi (COO). The company has 120 employees, with most based in Israel and the rest in the U.S. and Singapore.
The new funding will help XTEND grow its tactical drone business, especially in the U.S. and other partner countries. These drones will support both military and humanitarian missions.
XTEND also plans to hire more people for its development teams in Israel to boost its technology and create even better products.
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