Company intelligence
As of August 11, 2026, Neros Technologies was last valued at $2.5 billion (August 2026 Series C) and has raised at least $325M in equity across 2 sourced funding rounds.
Military drone maker; raised a $250M Series C at a $2.5B valuation in August 2026.
The company was founded in 2023 and had shipped thousands of its systems to Ukraine and the U.S. Department of War by November 2025.[1] The Pentagon has not published the value of that order, Defence Blog noted.[2] Soren Monroe-Anderson is chief executive and Olaf Hichwa is chief technology officer.[1]
Neros is a California FPV drone maker for defense that raised a $250 million Series C at a $2.5 billion post-money valuation in August 2026.
Neros designs and manufactures first-person-view (FPV) drone systems for defense applications, according to the company's September 2026 press release. Neros says it has contracts with the Army and Marine Corps, with every component of the U.S. Special Operations Command (SOCOM) and with half a dozen allied countries. The legal name used in its Series C announcement is Neros Technologies.[1],[2]
Neros calls its autonomy-enabled version Archer AI. The Series C announcement says Archer AI adds Terminal Guidance and GPS-denied Position Hold to the FPV platform. The September 2026 press release says Terminal Guidance lets the drone fly itself to an operator-selected target, which matters when jamming cuts the link to the pilot.[2],[1]
Neros says it designs the majority of its components in-house. The company's website describes proprietary dual-band radios that keep connections at 25+ km range. These are company claims.[3],[4]
Neros traces its start to the summer of 2023, according to its own founder's story. Soren Monroe-Anderson recruited his friend and former drone racing competitor Olaf Hichwa to develop FPV drones to help defend Ukraine. The two built 30 prototypes and carried them to Kyiv in suitcases.[5],[3]
Neros says Ukraine's Deputy Prime Minister praised the prototypes' performance but said the minimum order quantity the country could accept would be 6,000 units. The company says that response became its founding realization that manufacturing scale would decide whether a country could defend itself. This is the company's own account.[5]
Neros describes itself as founded in 2023. By November 2025 it said it had shipped thousands of its systems to Ukraine and the U.S. Department of War. The Series B release that month also cited a large drone purchase from the U.S. Marine Corps and Neros's selection as one of the primary suppliers of FPV drones to the U.S. Army through the Purpose-Built Attritable Systems program.[3]
Neros published a plan called Project Millennium on February 19, 2026. The post says Neros became the highest-output American drone manufacturer in 2025 while working within a 15,000-square-foot footprint. It describes Millennium One, a 250,000-square-foot facility in Los Angeles that would become the new global headquarters, and says Neros is scaling its productive capacity by 100x.[6]
Neros's press releases carry different datelines, El Segundo in November 2025 and Torrance in August and September 2026. The company describes its headquarters as Los Angeles in both the Series B release and the Project Millennium post.[6],[3],[2]
Neros named these participants in the Series C: Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital and Dylan Field. The company says the money will speed development and production ramps for Archer AI and Bandit, both of which it expects to deploy in theaters of combat by the end of 2026.[2]
Neros closed a $75M Series B on November 10, 2025, led by Sequoia Capital with participation from Vy Capital US and Interlagos. The release says all three Series B participants were existing backers. It also says the round brought Neros's total raised capital to over $120M.[3]
Neros has not disclosed revenue. The Series B release refers to significant revenue growth, and CEO Soren Monroe-Anderson said in the Series C announcement that the core business had seen explosive growth since the November round, but neither gives a figure. The sources reviewed do not state a total raised after the Series C, so no updated total is given here.[3],[2]
Neros's co-founder and chief executive is Soren Monroe-Anderson, according to the company's Series C announcement.[2],[3],[1]
Neros's chief technology officer is Olaf Hichwa, according to the caption of the Series B release photo. The company's founder's story says Monroe-Anderson recruited Hichwa in the summer of 2023 to build FPV drones for Ukraine.[3],[5]
Neros has not published a headcount in the sources reviewed. The Series B release said the company was hiring aggressively in Los Angeles, Kyiv, London and Washington, D.C.[3]
Neros says its drones are fielded in active theaters of combat by the U.S. Army, the Marine Corps, every component of SOCOM and half a dozen allied countries. The Series B release also said Neros had already been delivering drones to the UK Ministry of Defense. These are statements from the company.[5],[3]
Neros announced on September 30, 2026 an order of 14,000 drones and explosive payloads through Gauntlet II, valued at over $100 million.[1]
Neros says it has production targets of 5,000+ drones per month, a 100,000-drone run rate by the end of 2026 and a 1,000,000-drone run rate by the end of 2028. The targets are goals set by the company.[5]
Neros credits technology partners for specific variants. Its Project Millennium post says Archer-Strike, made with Kraken Kinetics, was the first kinetic-enabled FPV drone fielded broadly by the Department of War, and that Archer-Fiber, made with Kela Technologies, was the first NDAA-compliant fiber-optic FPV drone. These firsts are claims by Neros.[6]
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Neros Technologies is a defense company, founded 2023.
| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Aug 11, 2026 | Series C | $250M | $2.5 billionpost-money | Sequoia CapitalunverifiedAmerican Strategic Technology Fundunverified | MorningstarPulse story |
| Nov 10, 2025 | Series B | $75M | — | Sequoia Capitalunverified | Yahoo Finance |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
In November 2025 Neros closed a $75 million Series B led by Sequoia Capital, with Vy Capital US and Interlagos participating, bringing total funding to more than $120 million.[1] In August 2026 the company raised $250 million at a $2.5 billion valuation, Defence Blog reported, while building about 1,200 Archer drones a week.[2] Neros was the first company to finish its order in the Pentagon's first Drone Dominance round, completing 2,400 drones in July 2026, and its Gauntlet I total later reached 5,200 drones.[2]
August alone has produced a $250 million Neros Technologies round and a fresh $1.37 billion Hadrian raise, extending a defense-tech funding pace that has now outrun every full prior year on record.
Neros Technologies raised a $250 million Series C co-led by Sequoia Capital and the American Strategic Technology Fund at a $2.5 billion valuation, funding a push to build 1 million US-made drones a year by 2028.
In August 2026 the company raised $250 million at a $2.5 billion valuation, Defence Blog reported, while building about 1,200 Archer drones a week.[2]
In November 2025 Neros closed a $75 million Series B led by Sequoia Capital, with Vy Capital US and Interlagos participating, bringing total funding to more than $120 million.[1]
Soren Monroe-Anderson is chief executive and Olaf Hichwa is chief technology officer.[1]
Lead investors in Neros Technologies's sourced funding rounds include Sequoia Capital and American Strategic Technology Fund. Per round: its August 2026 Series C was led by Sequoia Capital and American Strategic Technology Fund; its November 2025 Series B was led by Sequoia Capital.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.
