Shares of AI-powered drone software company Swarmer Inc. have skyrocketed in the first days of trading, marking one of the strongest US stock market debuts in nearly a year.
According to Bloomberg, the Texas-based company saw its stock jump more than 1,200% within two days of listing.
The shares surged about 110% to $65.04 on Wednesday, following a massive 520% jump on Tuesday, making it the most impressive debut for a newly listed US company since Newsmax Inc., which recorded a 2,230% two-day surge last year.
A defence tech startup focused on drone autonomy
Founded in 2023 by Serhii Kupriienko and Alex Fink, Swarmer develops software that enables autonomous drone operations. The company is headquartered in Austin, Texas, and operates additional teams in Ukraine, Poland, and Estonia.
Swarmer provides vendor-agnostic autonomy software that drone manufacturers can integrate directly into their hardware platforms. Its technology focuses on coordinating drone swarms, integrating unmanned systems across multiple operational domains, enabling AI-driven collaborative autonomy, and managing command-and-control systems for distributed robotic fleets.
The company’s software has already been tested in active conflict zones. Swarmer says its systems were first deployed in Ukraine in April 2024 and have since supported more than 100,000 combat missions.
These missions have generated large volumes of operational data, which the company uses to train its machine-learning models. The goal is to replicate the decision-making skills of experienced drone pilots, allowing operators to manage large numbers of autonomous systems simultaneously.
Priced 3,000,000 at $5/share
The rally comes shortly after Swarmer priced its initial public offering. The company announced that it would sell 3,000,000 shares of common stock at $5.00 per share, raising approximately $15 million in gross proceeds before underwriting costs and other expenses.
Swarmer said the capital will support its operational growth. The company plans to invest the funds in expanding its software capabilities, developing new products, hiring additional employees, integrating its technology with drone manufacturers’ hardware, and covering working capital and general corporate needs.
The IPO structure also includes an option for the underwriter to purchase up to 450,000 additional shares within 30 days at the same offering price, excluding underwriting discounts and commissions.
