XTEND Closes Acquisition of Drone Inspection Firm Performance Rotors

S
StartupHub.ai Staff
1 min read
XTEND Closes Acquisition of Drone Inspection Firm Performance Rotors

Autonomous drone startup XTEND acquired Singapore-based drone inspection firm Performance Rotors. Deal figures are undisclosed.

The purchase integrates Performance Rotors' drone technology with XTEND's XOS platform, enabling human-guided operations in various industrial inspections. This combination can provide solutions for remote inspections in difficult or risky locations.

XTEND's XOS operating system combines human judgment with machine autonomy, providing a platform for operators to carry out tasks remotely. The system allows operators to control drones or smart machines, and perform complex tasks that need human interaction and decision-making.

Performance Rotors, led by CEO Keith Ng, has a focus on developing drone solutions for data collection in challenging environments.

In addition to inspection services, XTEND's XOS operating system is set to expand into public safety, security, and other civilian markets. The company recently secured contracts with the U.S. Department of Defense and MAFAT, the Israeli Ministry of Defense's Research & Development Directorate, for their drone technology.

Private Equity firm Chartered Group, which led the startup's $20 million Series A funding round in late 2021, also led the acquisition.

© 2023 StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training requires a license. See our terms.
S

Written by

StartupHub.ai Staff

Editorial team

The staff writers of StartupHub.ai, ranging from investment analysts to avid AI tool users, early adopters and critical enthusiasts. Backgrounds span engineering, business and the arts. We hold every piece to rigorous standards of research and review.