Neros, a Torrance, California maker of low-cost drones for the US military, raised a $250m Series C at a $2.5bn post-money valuation, announced on 11 August 2026. Sequoia Capital and the American Strategic Technology Fund co-led the round.
Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital and Dylan Field, the Figma co-founder, also took part, according to the company's press release and DroneXL. DroneXL reported that the valuation is about triple the figure nine months earlier.
“Our mission to produce one million drones per year hasn't changed.”Soren Monroe-Anderson, Co-Founder and CEO, Neros
What Neros builds
Neros makes first-person-view attack drones and counter-drone interceptors. Archer AI is an FPV platform with autonomy features including terminal guidance and GPS-denied position hold. Bandit is an interceptor aimed at Class 2 and 3 threats, including Shahed-style systems. Neros says both will be deployed in combat theatres by the end of 2026 and that its platforms are being built with hardware and compute for multi-asset control, or swarming.
The press release said Neros holds contracts with the Army and Marine Corps, with every component of the Special Operations Command and with half a dozen allied countries. It also has a UK subsidiary for work with European allies.
Production
DroneXL reported that Neros was making about 2,000 drones a month at the time of a November 2025 profile and now produces about 1,200 aircraft a week. The company has publicly targeted 10,000 drones a month by the end of 2026 and one million drones a year by 2028.
A 250,000 square foot facility in Torrance is under construction, replacing the original 15,000 square foot factory in El Segundo, DroneXL said. On 30 June the Army awarded Neros an indefinite-delivery contract with a $500m ceiling for Archer drones under its Purpose-Built Attritable Systems programme, running through June 2031. DroneXL noted that a ceiling is not a guaranteed minimum.
Funding history
The previous round was a $75m Series B in November 2025, led by Sequoia, according to DroneXL. The outlet said Neros had raised $121m in total before the Series C.
The company was founded by Soren Monroe-Anderson, chief executive, and others whom DroneXL described as former teenage drone racers, and it names Hichwa as a co-founder. Employee numbers were not reported.
What the money is for
The release says the money will accelerate development and production ramps for new drone programmes. Monroe-Anderson said the round accelerates Neros into a multi-capability drone manufacturer and that the mission to produce one million drones per year has not changed.
The release was published as a paid placement, so its claims are the company's own.
Company website: neros.tech