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Controversial drone company Xtend leans into defense with new $40M round | TechCrunch

Close to a decade ago, brothers Aviv and Matteo Shapira co-founded Replay, a company that created a video format for 360-degree replays — the sorts of replays that have become part and parcel of major sports broadcasts. Replay caught the attention of Intel, which acquired the company in 2016 for a reported $175 million, and led Aviv and Matteo to a chance meeting with Rubi Liani, the founder of Israeli’s official drone racing league (FRIL). Liani turned the brothers on to drone racing and plante...

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