XTEND Completes $70M Series B Round to Expand AI Robots
Deal News | Jul 15, 2025 | PR Newswire Cision XTEND
XTEND, an industry leader in autonomous AI-driven tactical systems, has completed a $70 million Series B funding round, co-led by Aliya Capital Partners and Protego Ventures. The funding includes a $30 million extension to accelerate the company’s scaling efforts across the United States and globally. The company’s systems, designed for high-risk mission-critical environments, are already utilized by U.S. and allied defense agencies. This investment also coincides with the opening of XTEND’s new headquarters and manufacturing facility in Tampa, Florida, which aims to enhance production and deployment capabilities. Key figures at Aliya and Protego, including Ross Kestin and Lee Moser, have emphasized the strategic alignment and potential impact of XTEND’s technology on defense and humanitarian sectors. The investment will bolster XTEND's research, development, and operational expansion, reinforcing its position in the defense technology sphere.
Sectors
- Defense Technology
- Autonomous Systems and Robotics
- Venture Capital
Geography
- United States – The article involves the establishment of XTEND's headquarters in Tampa, Florida, and its expansion efforts across the U.S. market.
- Israel – XTEND, originally founded in Israel, highlights its international influence and foundational roots in the region.
Industry
- Defense Technology – The article discusses XTEND's advances in AI-powered autonomous systems used for defense and security, highlighting their strategic importance and application in military environments.
- Autonomous Systems and Robotics – XTEND's focus on AI-driven robotics underscores its relevance in the autonomous systems and robotics industry, emphasizing innovation in machine autonomy and human-guided operations.
- Venture Capital – The investment led by Aliya Capital Partners and Protego Ventures indicates the venture capital industry's role in funding emerging technologies.
Financials
- $70M – The total Series B funding raised by XTEND to enhance its operational capabilities.
- $30M – The extension amount of Series B co-led by Aliya Capital Partners and Protego Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| XTEND | Target Company | Company | A leader in AI-powered tactical autonomous robotic systems aiming to scale production and deployment globally. |
| Aliya Capital Partners | Co-Lead Investor | Company | A Miami-based investment firm driving forward technologies intersecting advanced defense, AI, and global safety. |
| Protego Ventures | Co-Lead Investor | Company | An Israel-based defense venture capital fund investing in critical defense and security technologies. |
| Claltech | Investor | Company | An investment platform associated with Len Blavatnik, focusing on technology investments. |
| Union-Tech Ventures | Investor | Company | A venture capital firm engaging in technology and innovation investments. |
| Chartered Group | Investor | Company | A multinational group investing across different sectors with a focus on technology. |
| Ross Kestin | Board Member, Founding Partner and CEO at Aliya Capital Partners | Person | Involved in strategic decision-making for XTEND’s growth and critical investments in relevant technologies. |
| Aviv Shapira | CEO of XTEND | Person | Leading XTEND’s strategy and execution in expanding its autonomous systems market presence. |