XTEND, a Tel Aviv, Israel-based developer of XOS, a human-guided autonomous operating system for ‘human to machine’ interaction, acquired Performance Rotors, a Singapore-based leading drone inspection specialists.
The amount of the deal was not disclosed.
Chartered Group led the acquisition.
The acquisition will boost XTEND’s ability to offer human-guided, remote interactive operations in a range of inspection scenarios, and grow its global business.
Led by Keith Ng, co-founder, and CEO, Performance Rotors develops small, smart aerial drone solutions for deployment in dangerous and challenging confined space environments, making inspection work safer, more efficient and cost effective. Its team of hardware engineers, software developers, robotics and computer vision experts leverage custom-designed drones, AI, and data analytics to streamline operations, reduce costs, and eliminate hazards in heavy industries.
Led by Aviv Shapira, co-founder, and CEO, XTEND provides human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. Its patented XOS operating system enables practical autonomy, by combining human intelligence and machine autonomy, to enhance the operator’s abilities, and simultaneously reduce the risk of injury, allowing professionals to control drones and smart machines and carry out complex tasks that require human interaction and decision-making safety and remotely.
Alongside expanding application of its easily programmable and configurable XOS operating systems into inspection, public safety, security, and other civilian markets, the XTEND team have recently been awarded several multi-million $ contracts with the U.S. Department of Defense and MAFAT, the Israeli Ministry of Defense’s Research & Development Directorate, to modernize their use of drone technology. In both cases, XOS is already enabling military drone operators to interactively operate multiple smart machines from a remote, safe distance, with zero training.
FinSMEs
22/05/2023