/Companies

Target Arm

Techstars '20

Ridgefield, US · Founded 2017 · Connecticut corporation · 8 employees on LinkedIn · 2 known investors

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Target Arm integrates robotics, autonomy, and drones with AI enhancements to connect the world in motion. The company serves customers requiring automated movement and intelligence systems across various applications.

Also known as Target Arm Inc.

Founders & leadership

Target Arm was founded in 2017 by Jeff McChesney.

JMJeff McChesney
Jeff McChesneyChairman, CEO & FounderHe previously held executive leadership roles in alternative investments, including hedge funds, private equity, and venture capital, and founded and consulted for multiple startups.
DN
Douglas NeugoldNamed on SEC filing
EAEric Achtmann
Eric AchtmannMember Board of DirectorsAdvisory Board at Arowana Partners

Investors · 2

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$1.2M disclosed across 1 of 2 rounds · 2019–2021

▶$1.2MraisedFeb 2024 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Douglas NeugoldDirector
  • Eric AchtmannDirector
  • Jeffrey Alan McChesneyExecutive Officer, Director
Offering amount
$2M
Amount sold
$1.2M
Minimum investment
$100K
First sale
Jan 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1MofferedMar 2019 · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeffrey Alan McChesneyExecutive Officer
Offering amount
$1M
Minimum investment
$1
Incorporated
Limited Liability Company, Connecticut, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Sep 2026

Target Arm Inc. is a robotics and autonomy company that develops hardware and software enabling drones to be launched, captured, recharged and relaunched from vehicles that are still in motion, across land, sea, air and space platforms. Its hardware line includes Ralar 1 (a robotic arm that grabs a drone mid-air, stows it in a container holding one to two drones, recharges it and relaunches it while moving), Ralar 2 (a robotic arm feeding one or more magazine attachments of four to ten drones each), Tular (a patented pin-array 'parking spot' that rotary- or fixed-wing drones guide themselves into and lock onto mid-air), and Ilar, an autonomous drone designed to work with the Ralar and Tular units. The units are designed to bolt on, strap on or embed into cars, trucks, ATVs, unmanned ground vehicles, boats and ships, and aircraft.

The company's software stack is built into every hardware unit but also sold standalone: TRACKR, a multi-sensor fusion engine for drone tracking; TurboFly, a wrap-around flight controller that acts as an autopilot for any drone without a physical controller; and Maestro, a mission control system that manages multiple drones and devices on a moving map with secure cross-vehicle communications. Target Arm states accuracy within less than one millimetre and operation at vehicle speeds up to 65 mph.

Target Arm Inc. is a certified Service-Disabled Veteran-Owned Small Business (SDVOSB) incorporated in Delaware. Its R&D lab is at 458 Danbury Rd, Units A9 & A10, New Milford, Connecticut, with administrative corporate headquarters at 12 Fisher Lane, Ridgefield, Connecticut. It is classified under NAICS 3364, aerospace product and parts manufacturing.

Founding story

Target Arm was founded by Jeffrey A. McChesney, who serves as Chairman and CEO; Ryan Bigham is co-founder and, since November 2025, Chief Technology Officer. The company describes itself as drawing on backgrounds in warfare, consulting, financial services, venture capital and high-technology development, and is a certified Service-Disabled Veteran-Owned Small Business incorporated in Delaware.

Business model

Target Arm sells drone launch-and-recovery hardware (Ralar, Tular, Ilar) and the accompanying TRACKR, TurboFly and Maestro software, which can also be purchased standalone. Customer engagement follows a staged path of a needs and integration assessment, a small-scale pilot project, and then an enterprise order for full-scale integration, with custom installation, onboarding and after-delivery support offered. The company also pursues U.S. government research and development contracts, including SBIR awards from the Army and AFWERX.

Revenue comes from sales of hardware units and standalone software, custom installation and integration services, and U.S. government research and development contracts such as Army and AFWERX SBIR awards.

Traction

Target Arm has been selected for an AFWERX SBIR Phase I contract and a $2 million Army SBIR contract for the Arsenal-Modular Mission Payload, and in June 2026 announced a multi-year CRADA with U.S. Army DEVCOM GVSC to demonstrate Ralar as a Modular Mission Payload across Army vehicle platforms. Commercial traction includes a partnership with Recon Rig and a prototype T.R.Ex trailer integrating Ralar, plus participation in the Harvard Alumni Entrepreneurs Accelerator 2025 Demo Day. Third-party estimates of headcount range from two to ten employees and revenue estimates vary widely between sources.

Latest developments

In October 2025 Target Arm introduced the Ralar Modular Mission Payload at the AUSA 2025 exposition. In November 2025 it appointed Rob Africk, who brings more than 35 years in capital strategy, M&A and corporate finance, as Chief Financial Officer, and promoted co-founder and lead engineer Ryan Bigham to Chief Technology Officer to prepare the company for scaling production into 2026. In June 2026 it announced a multi-year CRADA with U.S. Army DEVCOM Ground Vehicle Systems Center. The company is recruiting for senior business development, robotics controls engineering and flight controls engineering roles.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Target Arm positions itself around a capability it describes as difficult for others to deliver: launching and recovering drones from platforms that do not stop moving. Third-party listings place it in the aviation and aerospace component manufacturing sector as a small company with fewer than ten employees, alongside comparably positioned drone and autonomy firms such as PrecisionHawk, Flyability, Percepto, Shield AI, DroneDeploy and Skydio.

The systems are drone-agnostic, supporting both rotary- and fixed-wing aircraft, and platform-agnostic, mounting to land, sea, air or space vehicles without vehicle redesign. Target Arm cites fully automated one-button launch and recovery, sub-millimetre accuracy, operation at all vehicle speeds including convoy overwatch up to 65 mph, automatic drone recall at low battery, onboard recharging and relaunch, and launch-and-recovery cycles of multiple UAVs every 15 seconds. It also claims package delivery cost reductions of up to 95 percent.

Technology

Core hardware comprises the Ralar robotic arm, which physically captures a drone in flight and places it into a container or multi-drone magazine for recharging and relaunch, and Tular, a patented pin-array capture device that drones fly themselves into and lock onto mid-air; Tular is described as a roll-on, bolt-on sealed unit integrating launch, recovery, charging and storage at speeds up to 65 mph. Software includes TRACKR sensor fusion for AI-enhanced drone tracking and sub-millimetre localization, TurboFly, a wrap-around flight controller providing autopilot for any drone, and Maestro for multi-drone mission control, moving-map tracking and secure communications. Reported web and infrastructure technologies include Wix, WordPress, Mailchimp, Google Cloud, Sentry, React and Office 365.

Go-to-market

The company sells directly through its website with a staged assessment-pilot-enterprise order process, and works through integration partnerships such as ReconRig's custom trailers and BIB Technologies' autonomous electric delivery vehicles. It competes for federal SBIR contracts and cooperative research agreements, leverages its SDVOSB certification for small-business set-asides, and markets at defense trade events including AUSA 2025.

Defense and government buyers form a primary market, with described applications on NGCV and SMET autonomous platforms, M1 Abrams tanks, nuclear convoy protection, special operations riverine and tactical vehicles, C-17 arsenal aircraft, counter-UAS and electronic warfare payloads, and autonomous air-to-air refueling. Commercial targets include package and last-mile delivery, first responders and disaster relief, oil, gas and energy inspection, agriculture, land and livestock management, and event protection.

Geography

Operations are in Connecticut, United States: an R&D lab in New Milford and administrative corporate headquarters in Ridgefield. Third-party data places its workforce entirely in North America.

History

Founded in 2017 and led by founder Jeffrey A. McChesney, Target Arm announced a strategic partnership with BIB Technologies in October 2020 to jointly develop autonomous electric delivery vehicles with drones operating at highway speeds. In January 2025 it announced an AFWERX SBIR Phase I contract and a $2 million Army SBIR contract for its Arsenal-Modular Mission Payload, and a partnership with Recon Rig for drone-equipped custom trailers. Prototype build of ReconRig's T.R.Ex unit with Ralar began in May 2025, the company presented at the Harvard Alumni Entrepreneurs Accelerator 2025 Demo Day in June 2025, and it showed the Ralar Modular Mission Payload at the AUSA 2025 exposition in October 2025. Rob Africk was appointed CFO in November 2025 and co-founder Ryan Bigham was promoted to CTO later that month. In June 2026 the company announced a multi-year CRADA with U.S. Army DEVCOM GVSC.

Risks & controversies

Publicly available third-party data on the company is inconsistent: employee counts are reported as 1-10, 2-10 and approximately 8, annual revenue is estimated at both roughly $567,000 and $1M-$10M, and total funding figures differ materially across aggregators. Several of the hardware products, including Ralar 2 and Tular, are listed as coming soon rather than shipping, and the business depends substantially on U.S. defense contracting outcomes.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual revenue estimateJul 2026$1M - $10M
Employee count estimateJul 20268 employees
Employee count rangeJan 20261-10
HeadcountAug 20268
Max operating vehicle speedJan 202665 mph
Package delivery cost reduction claimedJan 202695%
Positioning accuracyJan 2026less than 1 millimeter
Uav launch recovery cycle timeJan 2026multiple UAVs every 15 seconds

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Target Arm for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 7 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2022$1.2M
U.S. Air ForceAir ForcePhase ISTTR2022$250K
U.S. Air ForceAir ForcePhase II2021$733K
U.S. Air ForceAir ForcePhase ISTTR2021$50K
U.S. Air ForceAir ForcePhase I2020$50K
U.S. Air ForceAir ForcePhase II2019$750K
U.S. Air ForceAir ForcePhase I2019$75K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 11

launches, deals, and filings
Jun 2026
Multi-year CRADA with U.S. Army DEVCOM GVSC

Target Arm announced a Cooperative Research and Development Agreement with the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center to demonstrate Robotic Arm Launch and Recovery (Ralar) as a Modular Mission Payload across Army vehicle platforms.

source ↗

Nov 2025
Ryan Bigham promoted to Chief Technology Officer

Co-founder and lead engineer Ryan Bigham was promoted to CTO to position the company for scaling production into 2026.

source ↗

Nov 2025
Rob Africk appointed Chief Financial Officer

Target Arm appointed Rob Africk as CFO; he brings more than 35 years of experience in capital strategy, M&A and corporate finance spanning over $40 billion in transactions.

source ↗

Oct 2025
Ralar Modular Mission Payload introduced at AUSA 2025

Target Arm presented its Ralar Modular Mission Payload drone system for small unmanned aerial systems in high-risk, mobile environments at the Association of the United States Army 2025 exposition.

source ↗

Jun 2025
Participated in Harvard Alumni Entrepreneurs Accelerator 2025 Demo Day

source ↗

May 2025
ReconRig begins prototype build of T.R.Ex with Target Arm's RALAR system

ReconRig announced prototype development was underway for the first T.R.Ex modular, ballistics-resistant survival trailer integrated with Target Arm's RALAR drone launch and recovery technology.

source ↗

Jan 2025
Recon Rig partnership for drone deployment on custom trailers

Recon Rig Inc., a provider of custom trailers for commercial, retail and military use, partnered with Target Arm to deliver drone deployment technology.

source ↗

Jan 2025
$2 million Army SBIR contract for Arsenal-Modular Mission Payload

Target Arm announced a $2 million U.S. Army SBIR contract for its Arsenal-Modular Mission Payload.

$2M source ↗

Jan 2025
Selected by AFWERX for SBIR Phase I contract

Target Arm announced it had been selected by AFWERX for an SBIR Phase I contract related to autonomous drone operations.

source ↗

Jan 2025
Target Arm unveils Ralar on-the-move drone launch and recovery system

source ↗

Oct 2020
Strategic partnership with BIB Technologies for autonomous electric delivery vehicles

Target Arm announced a strategic partnership with BIB Technologies, LLC to jointly develop autonomous electric delivery vehicles with drones operating at highway speeds.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Target ArmConnecticut

▸Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Target Arm do?
Target Arm builds robotic hardware and software that autonomously launch and recover drones from moving vehicles.
Who founded Target Arm?
Target Arm was founded by Jeff McChesney in 2017.
Who are Target Arm's investors?
Target Arm's investors include D3VC, Techstars.
How much funding has Target Arm raised?
Target Arm has disclosed $1.2M raised across 1 of its 2 known rounds.
Where is Target Arm headquartered?
Target Arm is headquartered in Ridgefield, US.