Defense technology startup Neros completed a $250 million equity financing at a valuation of $2.5 billion, led by Sequoia Capital and others

According to Bloomberg, the U.S. defense technology startup Neros has completed a $250 million equity financing, raising its post-money valuation to $2.5 billion, led by Sequoia Capital and the American Strategic Technology Fund, with participation from existing investors such as Thiel Capital.

Neros plans to accelerate the research and development and mass production of the attack drone Archer and the interceptor drone Bandit, and promote localized manufacturing among allies. The company's current annual production capacity is about 14,000 units, with a goal to increase Archer's annual production capacity to 1 million units by 2028.

This round of funding will also be used to expand the employee count from about 200 to 350 and upgrade the handheld terminals used to control the drones and the Archer AI model, enabling it to maintain target lock in GPS-denied environments and coordinate with other drones.