Today, we announce our Series C Funding of $250M at $2.5B post money valuation to scale our Autonomous and Interceptor drone programs.
This round of funding is co-led by Sequoia Capital and American Strategic Technology Fund (ASTF) with participation by Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, and Dylan Field.
These funds will accelerate the development and production ramps for new drone programs including Archer AI, an FPV platform augmented with autonomy features including Terminal Guidance and GPS-denied Position Hold, and Bandit, a c-UAS interceptor drone intended to counter Class 2 and 3 drone threats including Shahed-style systems.
These platforms are being developed with the hardware and compute required for multi-asset control (often called “swarming”) while retaining the cost efficiency Neros is known for – and that’s essential to achieving true attritable mass.
Both Archer AI and Bandit will be deployed for combat by the end of 2026.
After @DIU_x Drone Dominance Gauntlet I, Neros was the first manufacturer to deliver 100% of its 2,400-drone order. For that accomplishment, we were awarded a bonus order for another 2,000 drones, which have now fully shipped as well.
Delivering credible deterrence requires more than small volumes of high performance drones, and Neros is proving that that America can produce unmanned systems at scale, and with the speed and flexibility demanded by the Department of War.
Proud of all of the Neros teams that made this happen. Stay tuned for Gauntlet II results.
@NavalAcademy midshipmen are operating the Neros Archer, supporting exercises across the globe and alongside the @DeptofWar and allied service members. @foxandfriends goes aboard with Superintendent Lt. Gen. Mike Borgschulte to showcase how they’re expanding their autonomous capabilities.
.@soren_ma says Neros' Millennium One facility has the largest American flag in the South Bay 🇺🇸
"That was really important to us."
"This one is 30 x 60."
"Next facility needs to have higher ceilings so we can go even bigger."
Last week, we supported live fire demonstrations in South Korea in conjunction with 2nd Infantry Division/ROK-U.S. Combined Division (2ID/RUCD) and Marines from 3rd Battalion, 7th Marine Regiment.
While there, soldiers validated our Archer's long-range strike capabilities for small regiment artillery.
FULL INTERVIEW: @soren_ma founded Neros to onshore domestic drone manufacturing.
He and @shaunmmaguire joined us on today's show to discuss his company's recent Series C, scaling drone production, and building a secure American drone supply chain.
00:30 - Update on Neros and the Series C
02:20 - Building a domestic supply chain
04:20 - Neros’ new Bandit interceptor drone
07:45 - The massive commercial market opportunity
09:20 - Manufacturing a million drones a year
13:30 - Drone racing as a recruiting pipeline for defense
My second interview with @OHichwa, Co-Founder & CTO of @Neros_Tech.
0:38 Redesigning a production line from scratch
1:15 Building 1,200 drones per week
1:43 Drones cause 70% of all casualties in Ukraine
3:10 China sells millions of drones to Russia
6:40 Focusing on operators
9:12 Archer AI
11:18 Building for users, not the government
14:13 Creating multiple products in parallel
16:24 Bandit — drone interceptor
20:46 Why it’s important to build weapons systems
23:30 Russia is targeting civilian infrastructure
29:23 Manually shooting down drones
31:43 Learning from operator footage
34:21 Consumer photography drones
36:51 Choosing what to vertically integrate
39:33 Reality forces the Elon algorithm
41:32 The different levels of scale
45:31 Learning from Starlink
46:33 Engineering faster
48:00 Mass production vs prototyping
50:58 Working with the US Government
54:59 Manufacturing 1 million drones a year
56:56 Learning from Chinese drone companies
1:02:58 Taiwan
FACTORY TOUR: Inside Neros' 250K sqft "Millennium One" Facility
Co-Founder & CEO Soren Monroe-Anderson (@soren_ma) walks us through the building sized for 1 million drones a year.
We look at the @neros_tech engineering labs, flight-test operation, assembly lines, & 100% end-of-line flight testing, then out to the open floor reserved for in-house component manufacturing
Everything under one roof.
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Inside Neros' 250,000 sq. ft. Millennium One Factory
(01:23) How Neros pushes its drones to the limit
(02:36) Why 3D printing can't solve the drone supply chain problem
(03:40) How their drones are built different
(06:21) The new 300 km/h Bandit interceptor
(09:09) Inside the drone assembly line: producing 250+ drones a day
(11:18) South Bay's biggest American flag
(11:42) How Neros stress-tests its drones
(15:36) Inside the new product introduction line
(17:02) What roles is Neros hiring for
(19:01) Soren's hot take on defense tech
Neros raised $250 million in a funding round that tripled its valuation to $2.5 billion, money that will boost the defense startup’s drone development and production https://t.co/V2VWXPuVJY
Under Secretary of War for Research & Engineering, & Department of War CTO Emil Michael (@USWREMichael & @DoWCTO) says @neros_tech is one of the emerging defense tech companies he is most excited about:
"Everyone talks about Anduril & Palantir & SpaceX. Those are the 3 companies that in the last 10 years have broken into the defense sector to challenge Lockheed Martin, Northrup Grumman, the older primes."
"My job is to create 5 more companies that work in the department and bring new capabilities."
" I'm excited about everything from Planet Labs that does commercial satellite imagery, to Neros the drone company, to Hadrian that's doing AI manufacturing."
"These companies are awesome, and they're doing great things, and they're doing things that are hard, that involve hardware, not just software."
Neros CEO @soren_ma sits down with @MollySOShea to talk through our Series C fundraise, how it'll accelerate our expansion into new military capabilities, and what it takes to build a drone industrial base capable of producing one million drones per year.
BREAKING: Neros Raises $250M Series C at $2.5 Billion Valuation
FULL INTERVIEW
"America should have the capability to have factories that can make millions of drones per year because that's what modern conflict demands."
Co-Founder & CEO Soren Monroe-Anderson (@soren_ma) takes us inside the new 250K sq ft Torrance factory. Currently shipping ~1,250 drones a week. Sized for 1 million a year by 2028.
Fresh off a $500M Army IDIQ for 100,000s of drones over 5 years
This round was led by @shaunmmaguire of @sequoia & American Strategic Technology Fund w/ participation from Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, & Mantis
With this capital @neros_tech is now going multi-product with:
› Archer AI — Autonomous strike drone
› Bandit — Counter-drone interceptor
› Marksman — Ruggedized operator handset
› Useful Autonomy — Framework for evaluating autonomy claims
ICYMI: China builds an estimated tens of millions of drones a year & arms both sides in Ukraine. America is way behind, representing just 1% of the world's small drones.
Neros was the first FPV maker to win Blue UAS certification, meaning a fully NDAA-compliant supply chain with no reliance on China.
"You can look at our boards, you can look at all of the chips that go onto our boards. Those will not have ever touched China."
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Soren Monroe-Anderson, Co-Founder & CEO at Neros Technologies
(01:02) $250M Series C at a $2.5B valuation
(03:34) Working with Shawn Maguire
(04:25) Inside the Army's $500M drone contract
(05:38) How the Ukraine war rewrote modern combat
(08:05) The Interceptor drones taking over the battlefield
(10:31) How many drones China really makes in a year
(12:55) Is it even possible to build a drone without China?
(16:09) China is arming both sides of the war
(17:08) What actually separates Neros from every other drone company
(19:55) The biggest BS claims in defense tech right now
(20:51) Why most defense startups never actually deploy?
(22:58) Neros’s growth to over 250 employees
(24:00) Why defense startups need to screen for spies
(25:29) The Talent bottleneck slowing down American manufacturing
(26:51) How AI is quietly reshaping engineers
(29:43) The biggest myth about re-industrializing America
(30:50) Neros's plan to build drones with U.S. allies
(32:53) The brutal tradeoff between speed and scale
(34:51) Why Neros keeps a permanent office in Ukraine?
(35:52) What actually happens on a modern battlefield?
(37:41) How Starlink is changing drone warfare
(39:14) What happens when a drone loses its signal
(40:41) Soren’s learnings from Kelly Johnson
We’re thrilled to announce that David DiDomenico has joined Neros as our VP of Operations.
David previously led production and supply chain for geostationary satellites at Astranis, and multiple programs at SpaceX including Starlink satellites and user terminals.
He brings deep expertise in volume manufacturing, standing up production facilities, and assembling the high performance teams needed to build hardware at scale.
He’ll be critical to ramping our Torrance, CA factory to one million drones per year by 2028.
Welcome, David!
Building in hardware is hard.
So we made a series about the people doing it anyway.
Introducing Cantos Presents—short films on what it takes to build in the physical world.
📽️ Episode 01: @Neros_Tech
We led Neros' pre-seed in 2023. A few weeks later, @soren_ma and @ohichwa packed a suitcase full of drones and flew to Kyiv.
Watching this one unfold firsthand has been special. Here's a glimpse behind the scenes.
As drones redefine modern combat, the next wave of military innovation will be low-cost interceptor systems to counter them.
Bandit is Neros' response: an FPV interceptor designed for mass-scale manufacturing.
The @USMC is moving to make the @neros_tech Archer FPV its primary drone while it rapidly expands attack-drone capabilities across the Fleet Marine Force Shephard's North America editor Flavia Camargos Pereira reports.
https://t.co/rVjlrxqftD
Thank you to all the distinguished visitors who braved the July heat at U.S. Marine Base Quantico last week for a first-hand look at our Drone Dominance Program. A select group of leaderboard vendors provided live strike demonstrations and the opportunity to get up-close with their drones and technology.
The grueling Gauntlet 2 kicks off next month at Fort Carson, Colorado.
#DroneDominance #MayTheBestDroneWin #DDP
Neros is honored to have been awarded a $500 million dollar contract by the @USArmy for our Archer FPV systems.
This deal, structured over the next five years, ensures Army warfighters will always be equipped with the latest precision strike capabilities.
.@neros_tech just won a $500M-ceiling US Army contract for its Archer FPV drones.
CEO Soren Monroe-Anderson (@soren_ma) on why scaling drone production is the hard part and why very few are doing it well.
"I think a lot of drone companies or just a lot of companies in the defense tech space sort of claim that they're ready to produce at scale when they're not, like they haven't proved it...
And so a lot of the IP is how we build drones, how we test drones, how we design drones for testing, for reliability, for manufacturability, all of the data we've collected is we've built tens of thousands of drones. These are things that you can't just like drop in and replicate...
Like it's really not that hard to put together an FPV drone and go demo it and even get like a contract off of that. It's consistent scale production that's hard."