Founded in Tel Aviv in 2018 by brothers Aviv and Matteo Shapira, Rubi Liani and Adir Tubi, XTEND builds drones and robots that enter dangerous areas before soldiers do. Its technology can search buildings, operate underground and complete military missions while keeping soldiers farther away from danger.
XTEND says it has already deployed approximately 12,500 systems across 30 countries and five combat zones. Its customers include the Israel Defense Forces, the U.S. military, the British Ministry of Defence and the Singapore Army.
The company is going public after joining with American company JFB Construction Holdings. The deal also brings XTEND approximately $100 million from private investors, including Eric Trump, whose personal investment was not disclosed.
XTEND plans to use the money and its new access to American investors to build more systems and expand its operations worldwide. The company employs approximately 267 people, with around 60% of its workforce still based in Israel.