Unusual Machines invests additional $20M in XTEND AI Robotics

Unusual Machines has added a further $20 million in investment to XTEND AI Robotics Inc., raising its overall stake to $27.5 million. This follows a $110 million financing round tied to XTEND's merger and listing on the New York Stock Exchange, as per a company press release. XTEND, a customer of Unusual Machines, specializes in manufacturing drone components that adhere to the National Defense Authorization Act.

The investor conglomerate, known for its drone components such as flight controllers, electronic speed controllers, video systems, motors, FPV headsets, and cameras, emphasizes strategic investments in companies that expand unmanned systems capabilities, show execution prowess, and bolster the U.S. industrial sector. Allan Evans, Unusual Machines' CEO, highlighted the company's focus on expanding unmanned system potential, execution capability, and U.S. industrial base support.

XTEND, based in Tampa, Florida, and founded in Tel Aviv, Israel, has deployed its software systems and robotics in over 30 countries. With manufacturing sites in the U.S., the U.K., Singapore, Israel, and Latvia, XTEND serves sectors like defense, homeland security, and commercial security. Unusual Machines caters to defense, enterprise, and commercial customers and operates brands Fat Shark and Rotor Riot.