Story thread · 8 reports / 4 sources

Sequoia’s $250 Million Bet on America’s Drone Future

bloomberg.com · 6hShare

Drone startup Neros has raised $250 million in a round co-led by Sequoia that triples its valuation to $2.5 billion as it expands beyond strike drones into autonomous systems and drone interceptors. CEO Soren Monroe-Anderson and Sequoia partner Shaun Maguire join Bloomberg to discuss plans to double production to 100,000 drones a year, the race to build a US supply chain independent of China, and why they ultimately see a path to producing one million drones a year. They join Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

First report: Shein Valued at $22 Billion to $25 Billion Ahead of IPO, BI Says — bloomberg.com, 1d