XTEND to list on Nasdaq at $1.5B valuation

XTEND, a software-first defence and security technology company anchored by its proprietary AI XTEND Operating System (XOS), has entered into a definitive all-stock agreement to combine with JFB Construction Holdings. Following completion of the transaction, the combined company will be renamed XTEND AI Robotics and is expected to list on Nasdaq under the ticker "XTND".

The merger creates a US-headquartered autonomous defence and security systems company combining XTEND's battle-proven AI-driven robotic operating system with JFB's established US operating infrastructure. With headquarters and a production facility in Tampa, Florida, the combined entity is positioned to become a leading US provider of AI-driven autonomous defence and security solutions, with NDAA-compliant domestic production capacity to serve the US, NATO allies, and Asia.

With more than 10,000 operational systems deployed globally across air, ground and maritime domains, XTEND's products enable defence, public safety, and private security organisations to execute complex, dynamic missions with immediate operational readiness. The transaction is further supported by strategic investments from Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures, LLC, Protego Ventures, Aliya Capital and Agostinelli Group.

MD One first invested in XTEND at their Series A round in August 2022.

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XTEND CEO and Co-Founder Aviv Shapira:

"The demand for systems that keep operators out of harm's way is surging as the global security environment grows more volatile, and this represents one of the largest market opportunities in defence technology today. By combining our platform with JFB, we are acquiring the resources we need to scale our manufacturing capabilities in the US and gaining access to the US public markets."

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JFB CEO Joseph F. Basile III:

"What drew us to XTEND is the strength and scalability of its AI-driven operating system. XOS is not just a product, but a core autonomy platform that integrates software, hardware, and mission execution in real-world environments. By pairing XTEND's operating system and advanced AI capabilities with JFB's execution, infrastructure, and buildout expertise, we see a clear opportunity to accelerate US manufacturing, scale production responsibly, and support a next-generation defence technology platform built in America and ready for the public markets."

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MD One's Will McManners:

"XTEND's software-first approach to multi-domain autonomy was exactly the kind of deep technical moat we were looking for when we invested at Series A in August 2022. The XOS platform – battle-proven across thousands of operational deployments – represents a genuine capability advantage for allied defence forces, and we are delighted to see XTEND reach this milestone. This Nasdaq listing gives the team the capital and public market access they need to scale at the pace this space demands, and MD One is extremely proud to have supported Aviv and the team."

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Read More Here:

XTEND Press Release: Article

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About XTEND

XTEND is a software-first defence and security technology company building a unified operating ecosystem for human-guided autonomy across air, ground, and maritime domains. Anchored by its proprietary XOS operating system, XTEND's products are designed to enable defence, public safety, and private security organisations to deploy, scale, and operate autonomous systems with immediate operational readiness in complex, high-risk environments. Founded in Tel Aviv, Israel, and headquartered in Tampa, Florida, the company combines battle-proven software with mission-optimised platforms, payloads, and manufacturing infrastructure to deliver integrated, NDAA-compliant solutions at scale. www.xtend.me

About MD One

Founded in 2021 as Europe's first National Security specialist VC, MD One Ventures is a Venture Capital firm, investing in Pre-Seed to Series A National Security technology companies.

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