On May 8, 2024, the Tel Aviv, Israel-based company engaged in the development of AI drone and robotics operating systemsXTENDannounced that it has raised $40 million in Series B funding. The round was led by Chartered Group, with participation from existing and new strategic investors including Clal-Tech.
The company plans to use the raised funds to expand its team and enhance the development of its AI-driven drone and robotics operating system XOS.
XTEND was founded in 2018, with Aviv Shapira serving as CEO and Matteo Shapira as co-founder and CXO. The company's main business is developing AI-driven operating systems for drones and robots, enabling them to perform highly complex and dynamic tasks in various environments while effectively interacting with human operators.
(Source:CTech）