XTEND Raises $20m Series A to scale production and delivery of life saving Drone Operating System

XTEND announced it has raised $20m in equity financing as part of its Series A fundraising round. This round was led by Chartered Group with participation of early investors including: lool ventures, I3 Equity Partners, TPY Ventures, TAU Ventures, Surround Ventures, Homeward Ventures, NFX and Top Ventures. The funding will enable XTEND to accommodate aggressive demand, accelerate its market traction with existing and new customers and expedite the development of its new generation Drone Operating System for autonomy and multi-drone applications in the defense and commercial spaces.