AI flight software maker Merlin set to go public
Summary
Merlin plans to go public through a merger with Bleichroeder Acquisition Corp. in a deal that values the company at $800 million. The transaction is expected to close in early 2026 after regulatory approval, and investors have already committed $125 million in capital. Merlin develops Merlin Pilot, an autonomous AI system for defense and civil aircraft, rotorcraft, and drones. The company has existing Defense Department contracts and a partnership with Northrop Grumman to test the technology on the Model 437 Vanguard aircraft.
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Aerospace Software
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Merlin Labs
$10M to $25M