Human-guided, AR & AI-powered drone system enabling operators to safely perform extreme missions with zero learning time, already deployed by the US DoD and the IDF

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. 

XTEND was founded in late 2018 by two-time Emmy award-winning entrepreneurs, Aviv and Matteo Shapira, who previously sold Replay Technologies to Intel, Rubi Liani, Founder of the Israeli Drone Racing League, and Defense and UAV Specialist Adir Tubi.

Looking for the next market disruption, the team developed a unique and patented Drone Operating System (called XOS) and platforms, that optimize and fuse both human judgement and edge-based Artificial Intelligence to enable next level man-machine teaming.

Controlled via a unique Virtual Reality user interface, XOS leverages state-of-the-art Augmented Reality & Artificial Intelligence technology and enables operators to immerse themselves in remote, high-risk, GPS-denied locations, allowing maximal effectiveness at a minimal risk.

“This funding round enables XTEND to scale out our truly unique and innovative operating system, which allows anyone to perform extremely precise interactive missions in dynamic complex environments with zero learning time ? making the idea of Human-Centric Telepresence a reality. This is another great step towards removing the ?human-risk-factor? from dangerous warfare and tactical combat & Homeland Security scenarios” said XTEND?s co-founder and CEO Source: xtend.me