Poseidon Aerospace, which plans the first test flight of its pilotless cargo plane by year-end, raised a $60M Series A led by TQ Ventures, after an $11M seed (Sean O'Kane/TechCrunch)

Poseidon Aerospace secured a $60 million Series A led by TQ Ventures after an $11 million seed round, aiming to complete the first test flight of its autonomous cargo aircraft by year-end. The funding will support development of the pilotless plane’s airframe, propulsion system and certification efforts, positioning the company to enter the emerging unmanned freight market.