Xtend raises $40m Series B Round
May 13, 2024
Portfolio company Xtend raises Series B round- led by Chartered Group
MD One portfolio company XTEND announced its successful $40 million Series B raise led by Chartered Group, with participation from existing and new strategic investors, including Clal-Tech.
Aviv Shapira, Xtend co-founder and CEO
"Robots and drones promise to transform everything from factories to our homes. However, a significant hurdle remains - equipping them with the common-sense abilities to deal with the unpredictable nature of real-world situations, understand their surroundings, and make decisions based on that information,”
“XOS uses AI to enable robots to learn from data and experience. Training them to identify objects, navigate complex environments, and interact with humans safely. We are unlocking the true potential of robotics in complex scenarios, including first response, search and rescue, logistics, critical infrastructure inspection, defense, and security."
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