Merlin Labs

Merlin Labs

Private
Boston, MassachusettsFrontier & Industrial Techhttps://www.merlinlabs.com

Last Round

IPO Announced

Mar 17, 2026

Est. Valuation

$1B

Total Funding Raised

$206.5M

Momentum Score

25 /100

Company Overview

Merlin Labs is an aerospace technology company that develops autonomous flight systems for advanced air travel using fixed-wing aircraft, utilizing artificial intelligence and machine learning to enable pilotless transportation of people and cargo.

Sector

Frontier & Industrial Tech

Verticals

Aviation & Drones, Autonomous Vehicles, Defense Tech, Freight & Transportation

Business Model

B2G

Customer Profile

Government Contracts, Hardware Sales, Hardware + Subscription, Services & Consulting

AI Layer

Application

Keywords

autonomous flight systemAI autopilotaviation autonomyaircraft retrofitpilotless aircraftreduced crew operationsdrop-in autonomy kitdefense aviationmilitary aircraftcargo aviationFAA certificationuncrewed operationsavionicsgovernment contractorB2G

Historical Pricing

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Caplight Momentum Score

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Merlin Labs Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Merlin Labs Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
IPO AnnouncedMar 17, 2026
PIPEApr 29, 2024
Series BJul 13, 2022
Series AMay 26, 2021

Key People

Founding team and executive leadership

Felix Ebuwa

Chief Executive Officer

Executive Team

Matt George

CEO

Executive Team

MInstD Grant Crenfeldt FRAeS

CEO Merlin NZ

Executive Team

Ryan Carrithers

Chief Financial Officer

Executive Team

Merlin Labs Investors

Notable investors and investment history

InvestorRounds
FloodgateSeries A
GVSeries B, IPO, Series A
JSCapitalSeries B
First Round CapitalSeries B, IPO, Series A
BoxGroupSeries A
Harpoon VenturesSeries A
Shrug CapitalSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 23, 2026

    Exclusive teaming agreement with Remah International Group to introduce autonomous flight capabilities in the UAE.

  • Apr 13, 2026

    Mark Brunner appointed as Chief Revenue Officer.

Merlin Labs Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Merlin Labs Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersBoston, Massachusetts
Employee Range184
Year Founded2017
Last FundingMar 17, 2026

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