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 andfull 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.”
“Spear’s systems have been operationally proven and we believe that they have enormous potential in the international defense market,” says Major General (Ret.) Avi Mizrachi, CEO of UVision. “The purpose of this investment is to generate a strong synergy between the two companies. UVision expands its portfolio offering a comprehensive solution for varying operational needs from the micro-tactical forces and brigadelevel, to the division level. The companies are already collaborating on technological knowledge to develop new systems.”