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Reading: XTEND Secures $40M Funding for AI Robots
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XTEND Secures $40M Funding for AI Robots

Highlights

  • XTEND raises $40M to enhance AI robotics.

  • XOS combines AI and human oversight for complex tasks.

  • Global expansion and tech advancements are key focuses.

Samantha Reed
Last updated: 16 May, 2024 - 9:30 am 9:30 am
Samantha Reed 1 year ago
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XTEND, a company known for developing advanced drone and robotic systems, has announced a significant milestone in its journey to enhance autonomous technology. This month, the company secured $40 million in Series B funding, aimed at further improving its XOS operating system and expanding its global presence. This new financial boost will support the development of AI-driven robots and drones that can navigate complex environments with what the company refers to as “common sense.”

Contents
XOS Integrates Human and AI StrengthsExpanding Global OperationsConcrete Insights for Users

In earlier reports, XTEND has consistently focused on the integration of human guidance with autonomous capabilities. The company’s approach contrasts with other industry players who emphasize fully autonomous systems. Last year, XTEND acquired the drone inspection company Performance Rotors to broaden its operational capabilities, a move that showcased its commitment to enhancing human-robot collaboration. The company’s strategy has been to emphasize practical, supervised autonomy over complete independence, ensuring human oversight remains central to its mission.

Comparatively, XTEND’s focus on “hypervariable” environments sets it apart from competitors like those in the self-driving car industry, which operate in more predictable settings. This unique focus has allowed XTEND to carve a niche in sectors like defense, logistics, and critical infrastructure inspection. The company’s insistence on combining human expertise with AI-driven machinery reflects a broader industry trend towards hybrid human-machine teams.

XOS Integrates Human and AI Strengths

The XOS operating system leverages artificial intelligence to enable robots to learn from data and experiences, facilitating tasks such as object identification and safe human interaction. According to Aviv Shapira, XTEND’s co-founder and CEO, XOS allows drones and robots to perform specific tasks autonomously while human supervisors handle decision-making in unpredictable scenarios. This collaboration aims to reduce physical confrontations and minimize risks in dangerous situations, ensuring better outcomes in fields like search and rescue and security.

Expanding Global Operations

XTEND’s Series B funding will also support the global expansion of their drone and robotic systems. With operational deployments in numerous countries, XTEND plans to enhance its product line further and integrate its technology with third-party devices. The company emphasizes that its XOS operating system can be adapted to existing technologies or newly developed systems, offering flexibility and broad applicability in various sectors.

Concrete Insights for Users

  • XOS enables robots to autonomously handle complex tasks while allowing human supervision.
  • XTEND’s technology supports various applications, from defense to commercial inspections.
  • The recent funding aims to enhance global sales and technological advancements in AI robotics.

The involvement of investors such as Chartered Group underscores the growing confidence in XTEND’s technological capabilities and market potential. Eyal Agmoni, Chartered Group’s founder, highlighted the importance of AI in transforming massive industries, projecting XTEND to become a leader in robotics and AI operations. Furthermore, XTEND’s collaborations with high-profile clients, including the U.S. Department of Defense and Israel’s Ministry of Defense, demonstrate significant trust in their technology for critical applications.

XTEND’s unique approach to integrating human supervision with AI-driven autonomy sets it apart in the robotics field. The company’s focus on real-world unpredictability and human-machine collaboration reflects a practical and strategic vision. The recent $40 million funding will not only propel their technological advancements but also solidify their position in global markets, ensuring their innovative solutions reach a broader audience. As XTEND continues to develop its XOS operating system, the company is poised to make significant strides in various sectors, from defense to commercial applications.

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Samantha Reed
By Samantha Reed
Samantha Reed is a 40-year-old, New York-based technology and popular science editor with a degree in journalism. After beginning her career at various media outlets, her passion and area of expertise led her to a significant position at Newslinker. Specializing in tracking the latest developments in the world of technology and science, Samantha excels at presenting complex subjects in a clear and understandable manner to her readers. Through her work at Newslinker, she enlightens a knowledge-thirsty audience, highlighting the role of technology and science in our lives.
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