The all-stock deal, expected to close mid-2026, will create a Nasdaq-listed defense robotics company trading under the ticker XTND. Israeli defense technology company XTEND and JFB Construction Holdings (Nasdaq: JFB) announced a $1.5 billion all-stock merger July 27, 2026. The transaction will create XTEND AI Robotics, a publicly traded company. The new entity will focus on … [Read more...] about XTEND and JFB Announce $1.5 Billion Merger to Form XTEND AI Robotics
AI robotics
Lucid Bots Raises $20M to Scale Autonomous Exterior Cleaning Drone Platform
Funding supports expansion of robotics, AI, and subscription-based service model for cleaning operators Lucid Bots has raised $20 million in a Series B funding round to expand its autonomous exterior cleaning platform and scale U.S.-based manufacturing. The round was co-led by Cubit Capital and Idea Fund Partners. Additional investors include Taylor Rhodes, WaterStone Impact … [Read more...] about Lucid Bots Raises $20M to Scale Autonomous Exterior Cleaning Drone Platform
Eric Trump Invests in XTEND as Israeli Drone Firm Announces Plan to Go Public via Nasdaq Merger
AI-powered robotics company targets $1.5B valuation in U.S. listing Israeli drone and robotics company XTEND has announced plans to go public through a reverse merger with U.S.-listed JFB Construction Holdings, in a transaction that values the combined company at approximately $1.5 billion. The deal includes a strategic investment round backed by several investors, including … [Read more...] about Eric Trump Invests in XTEND as Israeli Drone Firm Announces Plan to Go Public via Nasdaq Merger
How Tiny Bat-Inspired Drones Could Transform Search and Rescue Operations
Fog, near-darkness, and colored lights create a nightclub-like atmosphere in Worcester Polytechnic Institute's (WPI) drone testing area. As a palm-sized drone hovers through artificial smoke and snow, it approaches a plexiglass wall autonomously and turns back, all without a single camera. This is the PeAR Bat, a revolutionary bio-inspired drone that "sees" the world through … [Read more...] about How Tiny Bat-Inspired Drones Could Transform Search and Rescue Operations
