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Unusual Machines Expands Investment in XTEND AI Robotics
Unusual Machines, Inc. has announced a strategic investment of an additional $20 million in XTEND AI Robotics, bringing the total investment to $27.5 million. This move highlights Unusual Machines' commitment to enhancing the U.S. drone and robotics ecosystem. The investment is part of a $110 million financing tied to XTEND's recent business combination and NYSE listing.
Allan Evans, CEO of Unusual Machines, emphasized the shifting landscape towards autonomous systems and robotics. He acknowledged XTEND as pivotal in expanding unmanned systems' capabilities. Aviv Shapira, CEO of XTEND, noted that Unusual Machines' support signifies the platform's strength and future opportunities, especially in delivering programs for U.S. and allied defense customers.
R. E.
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