This Neros company profile covers the company's valuation, revenue, funding rounds, investors and history. Neros works in defense technology, with a focus on FPV and interceptor drones. It was founded in 2023 and is headquartered in El Segundo, California, United States. Its latest valuation on record is US$2.5 billion (post-money) (August 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
| Metric | Value | As of | Source |
|---|---|---|---|
| Production rate | About 1,200 drones a week as of July 2026, targeting 1 million a year by 2028 (reported) | July 2026 | The Robot Report |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Aug 2026 | Series C | US$250M | US$2.5B (post-money) | Sequoia Capital and American Strategic Technology Fund (co-leads); Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, Dylan Field | VCA Online |
| Nov 2025 | Series B | US$75M | Not disclosed | See source | VCA Online |
Neros timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2023 — Neros is founded in El Segundo by Soren Monroe-Anderson (CEO) and co-founders.
- Nov 2025 — Series B: US$75M.
- Aug 2026 — Series C: US$250M, valuing the company at US$2.5B (post-money). Investors: Sequoia Capital and American Strategic Technology Fund (co-leads); Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, Dylan Field.
- July 2026 — Production rate: About 1,200 drones a week as of July 2026, targeting 1 million a year by 2028 (reported).
Investors
Neros is a California company that mass-produces small, cheap first-person-view (FPV) attack drones and interceptor drones for militaries. Its drones have been used in Ukraine, and it has won US military business. In August 2026 it raised a US$250 million Series C co-led by Sequoia Capital and the American Strategic Technology Fund at a US$2.5 billion post-money valuation. This profile explains what Neros builds, how fast it is producing, its funding and the risks.
Neros's valuation
Neros's Series C of US$250 million valued it at US$2.5 billion post-money, according to Dealroom and a company release reported by VCA Online. Sequoia Capital and the American Strategic Technology Fund co-led, with Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital and Figma's Dylan Field. The previous round was a US$75 million Series B in November 2025, and coverage described the new valuation as roughly triple the earlier one.
What Neros builds
FPV drones are small quadcopters that an operator flies through a camera feed, often carrying an explosive charge. They became one of the defining weapons of the war in Ukraine because they are cheap, precise and produced in huge numbers. Neros's Archer is an FPV drone built for military use, with features designed to work under heavy electronic jamming. Archer AI adds autonomy, including terminal guidance, which lets the drone finish an attack on its own if the radio link is jammed, and position holding without GPS.
Bandit is an interceptor drone designed to destroy enemy drones in the air, including larger long-range attack drones such as Iranian-designed Shahed types. Interceptors are much cheaper than surface-to-air missiles, which matters when defending against waves of inexpensive drones. Neros says both Archer AI and Bandit will be deployed in combat theatres by the end of 2026, according to The Robot Report.
Production at scale
Neros's pitch is manufacturing. It was producing about 1,200 drones a week as of July 2026, according to The Robot Report, and aims for annual capacity of one million drones by 2028. It designs components such as flight controllers and radios in-house and builds drones in the US, which matters to customers that want to avoid Chinese parts. The Series C funds production ramps for Archer AI and Bandit.
Customers
Neros has supplied large numbers of drones to Ukraine and works with US forces, including the Marine Corps. Reports in 2026 described a large US Army FPV contract structured as an indefinite-delivery arrangement, under which orders are placed over time up to a ceiling; reports differ on the ceiling and the full amount is not guaranteed.
Founders
Neros was founded in 2023 and is led by chief executive Soren Monroe-Anderson, who previously worked on drone and aerospace projects. The company is based in El Segundo, near Los Angeles, a hub for defense and space startups.
Competitive landscape
Neros competes with other drone makers including Skydio, AeroVironment, Red Cat and Shield AI in the US, Ukrainian manufacturers, and European companies such as Quantum Systems, Helsing and Tekever. Interceptors also compete with counter-drone systems from Anduril and others. Sensors from companies like Chaos Industries are complementary. See our drone companies guide.
Risks
- Demand tied to conflict: orders depend on wars and defense budgets.
- Fast-changing technology: electronic warfare and drone designs evolve monthly on the battlefield.
- Price competition: FPV drones are cheap and many companies make them.
- Contract uncertainty: indefinite-delivery contracts do not guarantee volumes.
- Supply chains: avoiding Chinese components raises costs and complexity.
Questions to ask
- How many drones has Neros delivered, and to which customers?
- What is its unit cost and margin?
- How has Archer performed under jamming in combat?
- What firm orders sit under its Army contract?
Timeline in brief
- 2023: founded in El Segundo.
- 2024–2025: supplies Archer drones to Ukraine and US forces.
- November 2025: US$75 million Series B.
- July 2026: producing about 1,200 drones a week (reported).
- August 2026: US$250 million Series C at US$2.5 billion.
Neros at a glance
Neros is an El Segundo, California drone company founded in 2023 and led by CEO Soren Monroe-Anderson. It mass-produces Archer FPV attack drones and Bandit interceptor drones. It raised a US$250 million Series C co-led by Sequoia Capital and the American Strategic Technology Fund in August 2026 at a US$2.5 billion post-money valuation, and was producing about 1,200 drones a week as of July 2026.
Why FPV drones changed warfare
In Ukraine, FPV drones costing a few hundred dollars have destroyed tanks, artillery and vehicles worth millions. Both Ukrainian and Russian forces now use them in enormous numbers, with production running into millions a year. Their effectiveness has pushed militaries worldwide to rethink how they fight and what they buy. Electronic warfare, jamming the radio links between drone and operator, has become the main countermeasure, which is why autonomy features such as Neros's terminal guidance matter: a drone that can complete its final approach on its own is harder to stop.
The same dynamic drives demand for interceptors. Shooting down cheap attack drones with missiles costing hundreds of thousands of dollars is unsustainable. Interceptor drones, such as Bandit, aim to make defence as cheap as attack.
Valuation context
A US$2.5 billion valuation for a company founded in 2023 shows how much investors believe drones will become a permanent, high-volume category of military spending rather than a wartime surge. Neros's value depends on converting framework contracts into firm orders and on maintaining margins as competitors multiply. Companies that can produce in the US at scale, with supply chains free of Chinese components, are being rewarded with high valuations; the test is whether demand stays strong if conflicts ease.
What to watch
Watch for firm orders under US contracts, Bandit combat results, new factories and international customers. See our defense tech startups guide.
Takeaways
Neros is betting that cheap, mass-produced drones are now essential military equipment. Its valuation rests on scaling production and turning frameworks into firm orders.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Neros do?
Neros is a defense technology / fpv and interceptor drones company headquartered in El Segundo, California, United States. It was founded in 2023.
What is Neros's valuation?
Neros was valued at US$2.5 billion (post-money) as of August 2026, according to Dealroom. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Neros make?
Neros is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Neros's latest funding round?
The most recent financing we have verified is a series c in Aug 2026: US$250M, at a valuation of US$2.5B (post-money). Source: VCA Online.
Who are Neros's investors?
Investors named in public announcements include Sequoia Capital, American Strategic Technology Fund, Valor Equity Partners, Interlagos, Thiel Capital, Spark Capital and Allen & Company.
Who founded Neros?
Neros was founded in 2023 by Soren Monroe-Anderson (CEO) and co-founders.
Is Neros a public company?
No. Neros is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Neros headquartered?
Neros is headquartered in El Segundo, California, United States.