Palladyne AI
Salt Lake City company listed on Nasdaq that sells AI software for robots and drones, including the Palladyne IQ industrial autonomy system and SwarmOS swarming software for defense customers.
Palladyne AI Corp. is based in Salt Lake City and trades on Nasdaq under the tickers PDYN and PDYNW. It describes itself as a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors. Its products include Palladyne IQ, an industrial autonomy system it made commercially available in version 2.0 in January 2026, Palladyne Pilot, and SwarmOS, collaborative autonomy software that lets groups of uncrewed systems operate together across air, ground, maritime and industrial settings. It also sells the BRAIN flight computer. After acquisitions in late 2025 the company added GuideTech, which provides navigation, guidance and avionics for spacecraft, and a propulsion unit it calls Palladyne Defense. It reported first-quarter 2026 revenue of $3.5 million and cash, cash equivalents and securities of $43.7 million at 31 March 2026, and it has guided to 2026 revenue of $24 million to $27 million. In September 2026 it announced a strategic collaboration with FANUC America. On 31 October 2024 the company priced a $7.0 million financing made up of a registered direct offering of 2,790,700 shares at $2.15 each to a single institutional investor, with warrants, and concurrent private placements of 430,105 shares at $2.20 each with its chief executive and board members. A.G.P./Alliance Global Partners acted as placement agent, and the company said the money was for general corporate purposes and working capital, including development and commercialisation of its software.
- Latest funding
- $7M
- Total funding
- $7M
- Latest valuation
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- Founded
- —
- Country
- United States
- Oct 31, 2024Registered direct offering and concurrent private placements$7M