Colugo raises $8.5M at $65M valuation to scale electric drones beyond defense

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Here’s a summary of the information regarding Colugo Systems:

Company:

  • Startup Name: Colugo Systems
  • Industry: Electric drones for military and civilian operations

Founders:

  • CEO: Meirav Kirshner (former IDF brigadier general)
  • CTO: Amit Regev (former drone squadron pilot)

Funding Information:

  • Funds Raised: $8.5 million
  • Series: First funding round
  • Lead Investor: Ayalon Insurance and Finance
  • Valuation: $65 million (pre-investment)

Timeline:

  • Founded: 2018
  • Funding Announcement Date: 2024 (for the revenue generation, specific funding date not mentioned)

Key Innovations:

  • Technology: Adaptive Wing Technology, which enhances stability and operational capability in adverse conditions.

Additional Information:

  • 2024 Revenue: $4 million
  • Applications: Surveillance, logistics, emergency response, and delivery.
  • Future Goals: Scaling R&D and commercial pilots, expanding beyond security applications.

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2025-06-05 11:32:30