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- Neros Technologies
Neros Technologies Valuation, Funding & Investors
Neros Technologies is valued at $2.5B as of August 2026.
Last Neros Technologies valuation
$2.5B
Series C · Aug 2026
Last Neros Technologies funding round
$250M
Series C · Aug 2026
Cumulative funding Neros Technologies raised
$370M
across 4 funding rounds
Key investors in Neros Technologies
Sequoia Capital
Interlagos Capital
Vy Capital
Thiel Capital
BoxGroup
Spark Capital
About Neros Technologies
Neros Technologies is a Maryland-headquartered defense contractor specializing in unmanned aerial systems for military applications. Its flagship Neros Archer FPV drone features BlueUAS certification, electronic warfare resistance, and capacity for 2 kg payloads over 20 km ranges, supporting ISR and loitering munitions roles. Deployed by U.S. Department of Defense units, the company scales production for swarm operations and integrates modular payloads including electro-optical cameras.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2G
Revenue model
Product sales
Valuation
$2.5B (Aug 2026)
Neros Technologies Valuation
Neros Technologies is currently valued at $2.5B, based on its Series C in August 2026.
The $250M round was led by American Strategic Technology Fund and Sequoia Capital, with participation from Interlagos Capital, Spark Capital, Thiel Capital, Dylan Field, Valor Equity Partners and 2 other investors.
Neros Technologies' valuation has grown 57x from $44M at its seed round in May 2024 to $2.5B in August 2026, across 4 priced rounds.
Neros Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Series C | $2.5B |
| Nov 2025 | Series B | $765M |
| Mar 2025 | Series A | $337M |
| May 2024 | Seed | $44M |
Neros Technologies Funding History
Neros Technologies has raised a total of $370M across 4 funding rounds.
Neros Technologies' first fundraising round was a $10M seed round in May 2024. The most recent completed round was a $250M Series C in August 2026.
Neros Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series C | American Strategic Technology Fund (lead); Sequoia Capital (lead); Interlagos Capital; Spark Capital; Thiel Capital; Dylan Field; Valor Equity Partners; MANTIS Venture Capital; Allen & Company | $250M | $2.5B | Neros Technologies raised $250 million in a Series C at a $2.5 billion post-money valuation in August 2026, with Sequoia Capital and American Strategic Technology Fund co-leading the round and participation from Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, and Dylan Field. The financing is intended to accelerate development and production of the company’s autonomous and interceptor drone programs, including Archer AI and Bandit. The company said the capital will support production ramps, expansion beyond its core strike-drone business, and international expansion, including sovereign manufacturing efforts in allied countries. The round comes amid rising U.S. government demand for defense drones and follows prior funding that included a $75 million Series B led by Sequoia Capital. Neros Technologies is a Torrance, California-based defense startup focused on FPV and autonomous drone systems, including Archer, Archer AI, and Bandit. The company operates from a new 250,000-square-foot factory, and its announced programs target both attack drones and counter-UAS interceptor missions. |
| Nov 2025 | Series B | Sequoia Capital (lead); Interlagos Capital; Vy Capital | $75M | $765M | Neros Technologies is a U.S.-based defense technology company founded in 2023, specializing in first-person view (FPV) drones and unmanned aerial systems for military applications. The company designs most components in-house, focusing on electronic warfare resistance, and has shipped thousands of systems to Ukraine and the U.S. Department of Defense. Key products include the Archer and Archer Strike drone platforms and Ground Control Systems, produced through a vertically integrated, China-free supply chain. On November 10, 2025, Neros closed a $75 million Series B funding round led by Sequoia Capital, with participation from existing investors Vy Capital US and Interlagos. This brought the company's total funding to over $120 million. The pre-money valuation was $764.5 million. Funds will scale production capacity, insource manufacturing steps, invest in allied suppliers, and advance R&D for next-generation autonomous systems. The round followed rapid production scaling, significant revenue growth, and key customer wins, including a large drone order from the U.S. Marine Corps and selection as a primary FPV drone supplier to the U.S. Army's Purpose-Built Attritable Systems (PBAS) program. Neros has achieved fast defense contract awards, highlighting the demand for high-throughput FPV drone production. Investors praised the company's speed and potential to build the first U.S. 1-million-drone factory. |
| Mar 2025 | Series A | Vy Capital (lead); Interlagos Capital; Sequoia Capital; Keller Rinaudo Cliffton; D3 | $35M | $337M | Neros Technologies is a defense technology company founded in 2023, specializing in advanced FPV drones like the Archer and Archer Strike platforms, along with ground control systems. The company focuses on vertically integrated, China-free manufacturing to deliver resilient, high-performance drones resistant to electronic warfare, targeting U.S. and allied military needs for unmanned superiority. It has shipped thousands of systems to Ukraine and the U.S. Department of Defense, securing contracts such as a large drone purchase from the U.S. Marine Corps and selection as a primary FPV drone supplier for the U.S. Army's Purpose-Built Attritable System (PBAS) program. On March 17-18, 2025, Neros closed a $35 million Series A round led by Vy Capital, with participation from D3, Interlagos Capital, Sequoia Capital, and angel investor Keller Rinaudo Cliffton (CEO of Zipline). This followed a $10.9 million seed round in May 2024 led by Sequoia Capital, bringing total funding at that point to around $45.9 million. The Series A funds were allocated to accelerate product development, scale manufacturing, expand R&D, and grow international market presence, with a reported post-money valuation of $336.84 million and price per share of $12.85. Post-Series A, Neros demonstrated rapid growth through production scaling and customer deployments. In November 2025, it raised a $75 million Series B led by Sequoia Capital with Vy Capital US and Interlagos, increasing total funding to over $120 million. Series B proceeds supported further industrial capacity expansion, insourcing production, investments in allied suppliers, and next-generation autonomous systems R&D. Other backers include Peter Thiel, A*, Long Journey Ventures, and BoxGroup. Neros is headquartered in El Segundo, California, and emphasizes reshoring U.S. drone production to maintain asymmetric advantages over adversaries, positioning it competitively in the growing defense drone sector amid battlefield-proven iterations. |
| May 2024 | Seed | Cantos (lead); Sequoia Capital (lead); John Hering; BoxGroup; Long Journey Ventures; Thiel Capital; Space.VC; Nkechi Iregbulem; A-STAR; Fundomo | $10M | $44M | Neros Technologies develops drone technology for aerial data capture and intelligence gathering, featuring autonomous navigation, real-time analytics, and modular sensor payloads for defense, security, and commercial applications. Founded in 2023 by Soren Monroe-Anderson and Olaf Hichwa, the Los Angeles-based company raised $247,998.74 in a Series Seed-2 round on May 20, 2024, achieving a post-money valuation of $44.04 million. Investors included A-STAR, BoxGroup, Cantos, Fundomo (listed as D3), John Hering (via Peter Thiel/Thiel Capital), Long Journey Ventures, Nkechi Iregbulem, Sequoia Capital, and Space.VC, with Cantos and Sequoia Capital as leads. The round priced shares at $0.71. This funding supported early growth ahead of later expansions, including shipments of thousands of systems to Ukraine and the U.S. Department of Defense. Neros focuses on in-house component design for electronic warfare resistance and resilient allied supply chains. In November 2025, Neros closed a $75 million Series B led by Sequoia Capital with Vy Capital US and Interlagos, bringing total funding over $120 million to over $121 million. The Series B followed rapid production scaling, revenue growth, U.S. Marine Corps drone purchases, and selection as a primary FPV drone supplier for the U.S. Army's Purpose-Built Attritable System program, funding industrial capacity expansion and production of Archer/Archer Strike drones and ground control systems. |
Who has invested in Neros Technologies?
20 investors have backed Neros Technologies across its funding rounds, including Sequoia Capital, Interlagos Capital, Vy Capital, Thiel Capital, BoxGroup and Spark Capital.
Lead investors include American Strategic Technology Fund, Sequoia Capital, Vy Capital and Cantos.
Neros Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | May 2024 | ||
| 3 | Participant | Mar 2025 | ||
| 2 | Participant | May 2024 | ||
| 2 | Lead | Mar 2025 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Lead | Aug 2026 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Mar 2025 | ||
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Start Free TrialNeros Technologies Competitors
Neros Technologies competitors include listed companies like UBtech Robotics and Xtend AI Robotics, and private ones like Allen Control Systems, Roark Aerospace, Mach Industries and Quantum Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.2B | - | ||
| Private | - | - | $1.8B | - | ||
| Private | - | - | $3.7B | - | ||
| Private | $330M | - | $8B | 24.2x | ||
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Publicly listed | $20M | ($27M) | $1.2B | - |
Neros Technologies Public Comps
Neros Technologies is still privately-owned, but its public comps include Ducommun, Exail Technologies, Data Patterns (India), V2X, Colt CZ Group, Aerospace CH UAV, Voyager Technologies, Astronics, Space42 and Applied Aerospace & Defense.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $825M | ($913K) | 3.4x | 3.2x | (3077.8x) | 18.9x | |||
| $551M | $74M | 5.3x | 4.6x | 39.7x | 20.9x | |||
| $96M | $39M | 26.2x | 23.2x | 64.3x | 58.2x | |||
| $4.5B | $293M | 0.7x | 0.7x | 11.1x | 9.3x | |||
| $1.1B | $224M | 3.4x | 2.8x | 16.9x | 11.3x | |||
| $437M | $53M | 6.2x | 6.4x | 51.3x | - | |||
| $166M | ($90M) | 14.4x | 9.5x | (26.8x) | (17.3x) | |||
| $862M | $66M | 3.6x | 3.2x | 47.3x | 17.4x | |||
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Common questions about Neros Technologies
| When was Neros Technologies founded? | Neros Technologies was founded in 2023. |
| Where is Neros Technologies headquartered? | Neros Technologies is headquartered in Los Angeles, CA, United States. |
| Is Neros Technologies publicly listed? | No, Neros Technologies is a private, VC-backed company. |
| What is Neros Technologies' valuation? | Neros Technologies was last valued at $2.5B in its Series C in August 2026. |
| How much funding has Neros Technologies raised? | Neros Technologies has raised $370M across 4 funding rounds. |
| What was Neros Technologies' last funding round? | Neros Technologies' last funding round was a $250M Series C in August 2026, led by American Strategic Technology Fund and Sequoia Capital. |
| Who are Neros Technologies' investors? | Neros Technologies' investors include Sequoia Capital, Interlagos Capital, Thiel Capital, Vy Capital, John Hering, Spark Capital, BoxGroup, Long Journey Ventures, Space.VC, American Strategic Technology Fund and 10 others. |
| Which companies are comparable to Neros Technologies? | Companies comparable to Neros Technologies include Allen Control Systems, Roark Aerospace, Mach Industries, Quantum Systems, UBtech Robotics and Xtend AI Robotics. |
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