Canadian drone maker Draganfly has raised $10 million from two US investors as it expands its defense business and develops new unmanned systems for military customers.
Unusual Machines and an unnamed investment fund are each investing $5 million in Draganfly through a registered direct offering.
The company said it plans to use the proceeds to accelerate development of new capabilities and support working capital as demand grows in the US and international markets.
CEO Cameron Chell said the investment is “about positioning, not size,” as the company looks for ways to align capabilities “that can best serve the industries’ requirements.”
“We are seeing the convergence of customer adoption, government procurement, domestic manufacturing, defense autonomy and strategic industry participation,” he said.
Unusual Machines, which develops and manufactures components and systems for drones, said the investment will strengthen supplier relationships.
Draganfly Builds US Drone Portfolio
Draganfly has secured several US military opportunities as it develops its portfolio for reconnaissance, logistics, first-person-view (FPV) operations, and counter-drone missions.
In May, Draganfly and F4 Defense International were selected by the Army Research Laboratory for an initial development contract covering modular, multi-layered counter-drone systems.
In February, the company was selected to provide Flex FPV drones and training to US Air Force Special Operations Command units through a partnership with DelMar Aerospace. The training covers FPV assembly, repair, flight operations, mission planning, and execution. Financial terms were not disclosed.
The Flex FPV is designed as a modular tactical drone, with configurations ranging from 5-inch to 13-inch systems. Draganfly lists payload capacity of up to 3 kilograms (6.6 pounds) and up to 40 minutes of hover endurance without a payload.
Draganfly also has a track record with the US Army’s experimentation programs. Earlier, Commander 3XL participated in the 2025 Sustainment Modernization Experiment, where the companies reported successful autonomous deployment, recovery, and recharging of tactical resupply pods.