Counter drone company infiniDome has secured USD9 million in Series A funding led by Hanwha Aerospace, one of the largest conglomerates in South Korea, alongside Honeywell Ventures, and Next Gear Ventures. The funding from this round will support the deployment of infiniDome’s GPSdome2 to major defence forces including US Department of Defense (DoD), Israeli Defense prime, South Korean Army (ROK armed forces), and Indian armed forces. This round is Honeywell Ventures’ third time investing in infiniDome, while Next Gear Ventures has continuously supported them since their Seed round. Looking ahead, infiniDome plans to continue its partnership with its strategic investors through joint development of dedicated solutions and global commercial agreements, says the press release.
InfiniDome develops GPS protection and resilient navigation solutions tailored to defend UAVs and vehicles from jamming attacks. Today they’re disrupting GPS protection for UAVs for defense/HLS and will do the same for delivery drone protection tomorrow. infiniDome’s team has recently grown to 26 employees pushing the limits in the fields of GNSS, RF, EW and UAV technologies. Together with their strategic partners, infiniDome is creating solutions which fuse data from multiple sensors including anti-jamming modules, INS, radar technologies, GPS integrity and attack monitoring tools and others to create a full navigation resiliency solution for their customers both in defense and commercial.
Aside from this round infiniDome has raised a total of $7M to date, on top of $1.5M from the Israel Innovation Authority. The additional funds and support of investors, which also include VentureIsrael, Kyto, Aston Partners, and Pointman I in this round, will not only enable infiniDome to deploy GPSdome2, but also design resilient navigation solutions tailored to meet future AAM (Advanced Aerial Mobility) requirements, and play a crucial role in driving commercial regulations and enhancing the safety and security of critical operations around the world.
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