XTEND – Fundraising Trajectory

XTEND, a defense robotics company based in Tel Aviv, Israel, is redefining human-machine teaming in modern combat. Over the past few years, the company has steadily grown into a major player in tactical drone systems—supported by a clear fundraising trajectory that reflects both product maturity and strategic demand.

In May 2024, XTEND raised $40 million in Series B funding, led by Chartered Group with participation from Clal-Tech and Union Tech Ventures. However, this success was the latest in a growing list of capital milestones that have propelled the company from startup to global defense supplier.

Early-Stage Investment and Vision of XTEND

XTEND began attracting early attention with its innovative human-supervised autonomous systems designed for high-risk environments. The company received initial backing from Israeli defense investors and participated in joint development programs with Israel’s Ministry of Defense.

Its core vision has remained consistent: develop AI-powered systems that extend human reach into dangerous, complex, and fast-changing environments—without removing human decision-making from the loop.

Series A and Tactical Expansion

By 2022, XTEND completed a Series A funding round (undisclosed in size), which helped the company formalize its hardware platforms and integrate its proprietary XOS operating system into a range of tactical drones. This OS enables operators to perform high-risk ISR, breaching, and strike missions with minimal training.

The funds allowed XTEND to build core products such as:

• XTENDER, a micro indoor drone
• SCORPIO series, for close-quarters tactical engagement
• HONEY BADGER, an outdoor multi-mission platform

This stage also saw the beginning of XTEND’s U.S. expansion, including contracts with the U.S. Department of Defense and joint development initiatives focused on pilot safety and threat response.

Series B and Global Scale-Up

In May 2024, XTEND closed its $40 million Series B round. The raise fuels the company’s global commercialization strategy, supports scaling of the XOS operating system, and expands manufacturing to support export markets.

This round also affirms growing international demand for hybrid autonomy—where humans maintain direct operational control over AI-powered drones. XTEND’s systems have been deployed in both U.S. and Israeli special forces operations, including conflict scenarios that demonstrate real-world viability.

Strategic Collaborations and Global Interest

Over time, XTEND has deepened partnerships with key stakeholders across NATO-aligned defense forces and technology integrators. Its systems have attracted interest not just for their tactical performance, but also for their intuitive controls and compliance with evolving defense autonomy regulations.

XTEND’s engagement with U.S. defense innovation hubs and Israeli military procurement authorities continues to open doors for new co-development opportunities.

Why the Fundraising History of XTEND Matters

XTEND’s steady capital progression—from seed and government-backed projects to Series A and now a globalized Series B—mirrors the industry’s growing demand for safe, controllable autonomous systems. The company sits at the convergence of AI, robotics, and national security.

As militaries shift toward distributed autonomy and human-AI collaboration, XTEND is well positioned to lead this transformation with technology designed to support—rather than replace—the human decision-maker.