Press Release

Elroy Air Announces Nearly $50 Million in New Funding

February 8, 2024

Palo Alto – February 8, 2024 – Cooley advised Elroy Air, a company developing industry-first autonomous aircraft systems and cutting-edge software, revolutionizing the world of express shipping, on raising nearly $50 million in new funding. Lawyers Josh Seidenfeld and Daniel Lee led the Cooley team advising Elroy.

The funding round was led by Shield Capital, a venture capital firm investing in early-stage companies building technology in artificial intelligence, autonomy, cybersecurity and space.

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