SpearUAV – developer of an autonomous, AI-based technology for encapsulated SWARM-based UAS – announces a $17 million investment in its Series B round of funding. The round was led by UVision Air, a market leader in loitering munitions systems, and included several other investors. This latest investment in the company reflects its expansion in the international defense and homeland security (HLS) markets and in providing solutions through unmanned aerial tools for armies and law enforcement agencies around the world.
Intended for a wide range of intelligence-gathering and precision-attack missions, Spear’s breakthrough drone technology enables immediate and intuitive launch from a capsule, with specific solutions for air, land and sea missions.
“The company’s current fundraising success is another step in establishing SpearUAV as a leader in breakthrough technology in the world of unmanned air vehicles, giving soldiers new aerial dimension and full air autonomy in the field,” says Colonel (Ret.) Gadi Kuperman, Founder & CEO of SpearUAV. “Together with UVision, which led this round of funding, SpearUAV will be able to provide diverse solutions for a wide range of needs compatible with the modern battlefield, including drone swarm array operation, ISTAR operations, precise attack capabilities, and more.” , he added.