Neros Technologies

Defense Tech · Drones · Hardware Manufacturing

Funding

Neros Technologies raises $250M Series C at $2.5B valuation

Its Torrance factory aims to churn out a million drones a year, betting mass production wins modern warfare as much as engineering does.

• Neros Technologies, a Torrance, California defense drone manufacturer, raised $250 million in a Series C round at a $2.5 billion post-money valuation, co-led by Sequoia Capital and American Strategic Technology Fund.
• Neros builds FPV attack drones and counter-drone interceptors, including Archer AI, an autonomy-augmented FPV platform, and Bandit, a c-UAS interceptor aimed at Shahed-style threats.
• The capital will fund production ramps for Archer AI's Terminal Guidance and GPS-denied Position Hold features and for Bandit, which targets Class 2 and 3 drone threats.
• Neros's new 250,000-square-foot Millennium One facility already builds more than 250 drones a day, with an internal goal of one million drones annually.
• Early Bandit interceptor prototypes have flown at 300 km/h in desert testing, with engineers targeting 400 km/h to outrun Shahed-class drone threats.
• The raise lands amid a broader counter-drone funding surge; UK-based Cambridge Aerospace closed a $300M Series C at a $3.4B valuation the same week to scale its Skyhammer interceptor.
• The round underscores how investors are pricing drone manufacturing scale, not just battlefield software, as the decisive edge in a war increasingly fought with cheap, mass-produced FPV systems.