Avionics
Merlin IPO Raises $200 Million for Autonomous Flight Goals
U.S. start-up aims to convert civil and military aircraft to uncrewed operations
Merlin Cessna Grand Caravan
Merlin is working to convert aircraft such as the Cessna Caravan to operate without a pilot on board.

Autonomous flight technology developer Merlin Labs has raised $200 million by closing its SPAC-backed business combination with Inflection Point Acquisition Corp. IV. The Boston-based start-up’s stock started trading on New York’s Nasdaq market on Tuesday.

The initial public offering transaction is backed by what Merlin said is a fully committed private investment in public equity agreement anchored by Inflection Point. Existing backers including Baillie Gifford—and several new institutional investors—are supporting the deal.

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