XTEND

Company Overview

Snapshot

Founded in July 2018 by Aviv Shapira, Adir Tubi, Rubi Liani, and Matteo Shapira, XTEND operates with 51–200 employees. The company has raised $93 million across 7 funding rounds from 18 investors. In February 2026, XTEND announced its merger with New York-listed JFB, valuing the combined entity at $1.5 billion and facilitating its Nasdaq listing.

Business overview

XTEND develops human-guided autonomous machine systems that enable operators to execute precise maneuvers and actions in diverse environments with minimal training. The company's patented XOS operating system integrates human intelligence with machine autonomy to enhance operator capabilities and reduce the need for physical engagement, thereby minimizing casualties. XTEND's systems are deployed globally, serving defense, homeland security, and security professionals with continuous development of its XOS operating system and platforms.

Strategic signal

In February 2026, XTEND announced a significant strategic move by merging with New York-listed JFB in an all-stock transaction, valuing the combined entity at $1.5 billion and leading to its Nasdaq listing under the ticker XTND. This merger, supported by a $152 million strategic investment from investors including Eric Trump and Protego Ventures, signals XTEND's accelerated growth trajectory, aiming to expand manufacturing capabilities in the US and enhance delivery to customers in the US, NATO member states, and Asia.

Company Intelligence Q&A

What was XTEND's most recent major corporate milestone?

In February 2026, XTEND announced its merger with New York-listed JFB in an all-stock transaction, valuing the combined entity at $1.5 billion. This merger facilitated XTEND's listing on Nasdaq under the ticker XTND, and included a $152 million strategic investment from Eric Trump and Protego Ventures.

What was XTEND's most recent funding round?

In July 2025, XTEND secured an extension to its Series B funding round. Protego Ventures led the round, with participation from Aliya Capital.

Has XTEND expanded its operations recently?

In July 2025, XTEND opened a new U.S. headquarters and production facility in Tampa, Florida. This expansion aims to boost domestic drone production capacity and support U.S. defense missions.

What significant contract did XTEND secure in 2024?

In December 2024, XTEND was awarded an $8.8 million contract by the U.S. Department of Defense’s Irregular Warfare Technical Support Directorate (IWTSD) for the production and deployment of its Precision Strike Indoor & Outdoor (PSIO) small Unmanned Aerial Systems (sUAS).

Did XTEND receive any awards or recognition in 2024?

In May 2024, XTEND won the grand prize at the Atlas 2024 awards ceremony, also securing the personal security, civil security, and defense category for its system designed for operating robots in complex field missions.