Key facts
- Westmag is a US manufacturer of drone motors and robot actuators.
- The company emerged from stealth today.
- Westmag raised $11 million in seed funding.
- Andreessen Horowitz led the seed funding round.
- Founders Fund, Lux Capital, NFDG, and Menlo Ventures also participated.
Westmag, a new American company focused on manufacturing drone motors and robot actuators, has announced its emergence from stealth mode with $11 million in seed funding. The investment round was spearheaded by Andreessen Horowitz, a prominent venture capital firm, and included contributions from other notable investors such as Founders Fund, Lux Capital, NFDG, and Menlo Ventures. This funding is intended to support the development of the United States' domestic drone motor and robot actuator industry.