Neros
Neros is a Drones & Loitering Munitions company founded in 2023 and based in El Segundo, United States. It is valued at $2.5B.
Neros was founded in 2023 by former teenage drone racers Soren Monroe-Anderson, its CEO, and Olaf Hichwa, and is based in El Segundo, California, with offices in Washington, Kyiv and London. It designs and manufactures the Archer family of first-person-view strike drones, the Bandit drone interceptor, the Crossbow ground control station and the APEX payload adapter, and sells them under military contracts. An Archer drone costs about $2,000, or about $5,000 as a complete system with warhead and support equipment. Neros made about 2,000 drones a month in November 2025 and about 1,200 a week by August 2026, and it is building a 250,000-square-foot factory in the Los Angeles area on the way to a goal of one million drones a year by 2028. On August 11, 2026 it closed a $250 million Series C at a $2.5 billion post-money valuation, co-led by Sequoia Capital and the American Strategic Technology Fund, nine months after a $75 million Series B led by Sequoia.
On June 30, 2026 the US Army awarded Neros a firm-fixed-price contract with a $500 million ceiling for Archer drones under its Purpose-Built Attritable Systems program, running through June 2031, and Neros said it had begun filling an initial order of thousands of drones. It also holds Marine Corps contracts, contracts with every component of US Special Operations Command and contracts with half a dozen allied countries. It runs an R&D lab in Kyiv to work directly with frontline users.
At a glance
Total raised
Undisclosed
Headcount
—
Headquarters
El Segundo
United StatesFounded
2023
Status
Private
Latest valuation
Where Neros ranks
Top 25 Defense companies →Funding history
Total raised
—
Rounds tracked
1
Latest stage
Series C
Latest valuation
$2.5B
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Aug 11, 2026 | Series C | $250M | $2.5B | Sequoia Capital, American Strategic Technology Fund |