Dominari Highlights $349M Drone Portfolio Raises, UMAC Hits $1.5B Valuation
DOMH•Dominari’s portfolio drone companies have secured $349.4 million in capital across six offerings since February 2024, led by Unusual Machines’ $245.5 million raise and $1.5 billion valuation. XTEND and Aureus Greenway also secured $53.9 million and $50 million, respectively, and are advancing to the Pentagon’s Phase II Drone Dominance Program.
1. Unusual Machines Capital and Valuation
Dominari underwrote Unusual Machines’ February 2024 IPO and supported subsequent PIPE, CMPO and registered direct offerings totaling $245.5 million, helping the company achieve a $1.5 billion valuation and spurring a 50% share surge after discussions of potential government funding.
2. XTEND via JFB and Phase II Qualification
XTEND is set to go public through its merger with JFB Construction Holdings after raising $53.9 million in two PIPE offerings, and has been selected for the Phase II qualifier of the Defense Department’s Drone Dominance Program, where it will showcase its XOS operating system at Camp Grayling.
3. Aureus Greenway and Powerus in Defense Program
Powerus Corporation merged into Aureus Greenway Holdings and completed a $9.03 million PIPE in March 2026, and its MatrixFold multi-purpose attack drone will compete in the same Phase II Drone Dominance qualifier, marking Aureus Greenway’s participation in the Pentagon’s roughly $1 billion initiative.
4. Aggregate Capital Overview
Across its portfolio, Dominari’s three drone-focused subsidiaries have raised a combined $349.4 million through six offerings since February 2024, underscoring the firm’s strategic capital allocation to emerging autonomous drone technologies.
