Avionics Engineer

The startup is trying to rethink the economics of cargo aircraft by removing pilots from the equation entirely.

Poseidon Aerospace raises $60 million ahead of first pilotless cargo plane test flight. Poseidon Aerospace has raised $60 million to develop autonomous cargo aircraft and prepare for the first test flight of its Egret plane. Sep 8, 2026 - 12:27 Poseidon Aerospace has raised $60 million in Series A funding as the company prepares for the first test flight of its uncrewed cargo aircraft, Egret, expected by the end of this year. Consult Corporate Lawyers Discover more Form An LLC Compare Business Loans Try Operations Software The round follows an earlier $11 million seed investment and will help the startup expand development of autonomous cargo aircraft to reduce the cost of regional air logistics. The company's mission is to move freight more efficiently rather than develop expensive new aviation technologies. Building autonomous cargo aircraft. CEO David Zagaynov and co-founder Parker Tenney founded Poseidon Aerospace after identifying an opportunity to improve cargo transportation through automation and simpler aircraft designs. The company is avoiding some of the approaches used by many advanced air mobility startups. Instead of vertical takeoff systems or electric and hydrogen powertrains, Poseidon is developing fixed-wing aircraft powered by conventional combustion engines. The startup's Egret aircraft and its seaplane variant, Heron, are designed around autonomy and remote operation. Poseidon says removing the need for onboard pilots could cut operating costs and let aircraft spend more time transporting cargo. Defense and commercial cargo markets. Poseidon is initially targeting defence applications and regional commercial cargo operations. The company is designing aircraft to serve remote communities and areas with limited traditional air cargo infrastructure. For commercial operations, Poseidon plans to operate its own regional air cargo network instead of selling aircraft. The company aims to compete for logistics demand from major cargo operators and businesses. Discover more Join Trade Groups Try CAD Software Preparing for first flight. Poseidon previously developed and tested a smaller-scale version of its aircraft called Seagull before moving toward a full-size vehicle. The company has expanded operations into a former Navy hangar in Alameda, California, as it prepares for production and flight testing. Consult Corporate Lawyers The company previously announced its $11 million funding round to support the development of unmanned cargo aircraft technology. Poseidon has also shared details about its aircraft development through a video presentation showing its approach to autonomous cargo aviation. A changing aviation landscape. Poseidon is entering an aviation market where regulators have become more open to testing new aircraft technologies. The Federal Aviation Administration has introduced programs supporting emerging aviation companies, creating more opportunities for startups developing new aircraft systems. The company believes autonomous cargo aircraft could create a more flexible logistics network by allowing routes to change more easily based on demand without the limitations of traditional pilot-based operations.

Poseidon is reimagining logistics with autonomous aircraft built to move goods faster,cheaper, anywhere they're needed. We are building the unmanned backbone of tomorrow's logistics.