U.S. defense technology startup Neros has raised $250 million in an equity financing round, bringing its post-money valuation to $2.5 billion. The round was led by Sequoia Capital and American Strategic Technology Fund, with existing backers including Thiel Capital also participating. Neros said the new funding will go toward speeding up research, development, and mass production for its Archer attack drone and Bandit interceptor drone, while also supporting localized manufacturing in allied countries. The company currently has annual production capacity of about 14,000 units and aims to lift Archer’s annual output to 1 million units by 2028. It also plans to expand headcount from roughly 200 employees to 350 and upgrade the handheld terminal used to control drones, along with the Archer AI model, so the system can keep targets locked in GPS-denied environments and coordinate with other drones.
U.S. defense technology startup Neros has raised $250 million in an equity financing round, lifting its post-money valuation to $2.5 billion. The round was led by Sequoia Capital and American Strategic Technology Fund, with existing investors including Thiel Capital also taking part.
Funding will support production, hiring, and system upgrades
Neros said it plans to accelerate the development and mass production of its Archer attack drone and Bandit interceptor drone, while pushing localized manufacturing in allied countries.
The company’s current annual production capacity is about 14,000 units. It is targeting annual Archer output of 1 million units by 2028. The proceeds will also be used to expand the workforce from about 200 employees to 350 and upgrade both the handheld terminal used to control drones and the Archer AI model, allowing it to maintain target lock in GPS-denied environments and coordinate with other drones.
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