XTEND acquires Singapore firm Performance Rotors
May 18, 2023
XTEND's acquisition of Singapore based drone firm marks an exciting expansion into the inspection market.
Performance Rotors develops drones and robotics solutions for data acquisition in GPS-denied and confined space environments. The company has an extensive client base in APAC, spanning several oil and gas, maritime, and infrastructure companies.
Founded in 2016, Performance Rotors previously secured funding from Dutch multinational company Royal Vopak in 2020, and from the Singapore Economic Development Board’s corporate venture building arm, EDB New Ventures, in 2021.
Keith Ng, cofounder and CEO of Performance Rotors, says:
"We are confident that combining XTEND’s innovative XOS software with our world-class technology brings the best of the industry together in one powerful and easy-to-use solution that comprehensively addresses the critical challenges facing our customers today."
Find out more in the following Articles:
Recent News
Forbes Feature: Xtend
Aviv Shapira, XTEND co-founder and CEO, says that their hardware is a few steps up from what is seen in Ukraine.
BiFrost announces $8m Series A
Bifrost has announced its Series A round led by Carbide Ventures, with MD One, Techstars, Airbus Ventures and Peak XV Partners.
Materials Nexus discovers new rare-earth-free magnet using AI algorithm
MD One portfolio company announces 'MagNex', delivering a novel magnet 200x faster than traditional methods
Forbes Feature: Xtend
Aviv Shapira, XTEND co-founder and CEO, says that their hardware is a few steps up from what is seen in Ukraine.
BiFrost announces $8m Series A
Bifrost has announced its Series A round led by Carbide Ventures, with MD One, Techstars, Airbus Ventures and Peak XV Partners.
