On September 8, 2026, Poseidon Aerospace, a start-up focused on developing and operating unmanned cargo aircraft, announced the close of an oversubscribed $60 million Series A financing. The round was led by TQ Ventures, with participation from JAWS, G Squared, Hanwha Asset Management USA, Starship Ventures, Drover Ventures, Draper Associates, and other investors. Wilson Sonsini Goodrich & Rosati advised Poseidon Aerospace on the transaction.

The proceeds from the Series A will be used to bring Poseidon’s initial full-scale aircraft through its flight-test campaign, establish and scale the company’s first production line, expand its engineering and operations teams, and continue delivering against customer programs across commercial logistics and defense.

The Wilson Sonsini team that advised Poseidon on the transaction included Rob Broderick, Mary Margaret Meehan, and Michael Anderson.

For more information, please see Poseidon’s news release.