Neros Announces $75M Series B Led by Sequoia Capital

Gunderson Dettmer represented client Neros, a defense technology company, in its $75 million Series B financing led by Sequoia Capital with participation from Vy Capital US and Interlagos.

The round immediately follows a period of rapid production scaling, significant revenue growth and successful customer deployments, including a large drone purchase from the U.S. Marine Corps and Neros’ selection as one of the primary suppliers of FPV drones to the U.S. Army through its Purpose-Built Attritable Systems (PBAS) program.

The new capital brings Neros’ total investment to over $120 million and will accelerate the expansion of the company’s industrial capacity.

In the announcement of the transaction, Neros CEO Soren Monroe-Anderson said, “Our Series B fundraise represents the culmination of more than two years of company growth, focused product development, and aggressive iteration based on real battlefield results. The credit goes to the relentless efforts of our entire team that has gotten us to this point, and we are grateful to our investors who believe in our vision of reshoring an American drone industrial base.”

The Gunderson deal team was led by Lou Soto and included Jesse Birbach, Damon Zhangchai, Rose Wang and Julia Golombik.

Companies
Neros
Sequoia Capital
Vy Capital US
Interlagos