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Controversial drone company Xtend leans into defense with new $40 million round
Xtend, a drone company heavily involved with defense customers, has raised a new round of capital to expand its operations.
Replay caught the attention of Intel, which acquired the company in 2016 for a reported$175 million, and led Aviv and Matteo to a chance meeting with Rubi Liani, the founder of Israeli’s official drone racing league (FRIL). For instance, in 2020, Congressional Democrats raised the alarm that drones and spy planes had been used by the administration of then-President Donald Trump to watch demonstrations in Las Vegas, Minneapolis and Washington, D.C., according to Al Jazeera. “Hundreds of Xtend’s drone and robotics systems are already operationally deployed worldwide, and we are continuously developing Xos and those platforms to deliver the future of human-machine teaming.”
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