infiniDome, a leading provider of anti-jamming solutions, has secured $9 million in a Series A funding round led by Hanwha Aerospace, one of the largest conglomerates in South Korea, alongside Honeywell Ventures, and Next Gear Ventures.
This round is Honeywell Ventures’ third time investing in infiniDome, while Next Gear Ventures has continuously supported the company since its Seed round.
According to infiniDome, this additional investment will support the deployment of its GPSdome2 anti-jamming solution to major defense forces including the US Department of Defense, Israeli Defense prime, South Korean Army (ROK armed forces), and Indian armed forces.
“This strategic investment serves as a meaningful step to support our customers in leveraging emerging technologies across a wide spectrum of platforms, including commercial and military drones,” said Kwangjin Kim, Senior Vice President, Navigation System Business Group at Hanwha Aerospace. “We look forward to building advanced capabilities that will keep our customers ahead of new threats and challenges.”
“We see the great value of Hanwha’s investment and partnership with infiniDome. The synergy of Hanwha’s vast network and leadership in APAC and worldwide, combined with infiniDome’s innovative breakthrough and critical technology and IP, ensures a strong long term strategic relationship,” said Jasmine Topor, Founder of the Korea Israel Innovation Center. “Korea Israel Innovation Center (KIIC) is honored to be able to provide its members with tailored tech scouting and access to Israel’s innovative technologies. The synergies and partnership were immediately clear to both sides and the process was short and efficient. We look forward to continuing to create value to our members.”
“Honeywell congratulates infiniDome on successfully closing its recent series A funding round,” said Matt Picchetti, vice president, Navigation and Sensors, Honeywell Aerospace. “Honeywell has been an early investor in infiniDome and we have developed a strong partnership through our co-development of resilient Navigation solutions. These products enable UAV operators to accomplish their missions when GNSS is unavailable and we look forward to expanding this partnership to enable GNSS resiliency across a broader set of use cases.”
“Although the defense market had been executing BVLOS and even autonomous UAV missions for quite some time, we see the demand for smaller, light, cheaper UAVs increase from year to year,” said Omer Sharar, infiniDome CEO. “Together with our partners Honeywell and now with Hanwha as well, we plan to disrupt this $4B anti-jamming market, by providing solutions tailored to answer the growing demand in its largest and fastest growing segments – Class 1-3 UAVs and massive vehicles fleets.”
Aside from this round infiniDome has raised a total of $7 million to date, on top of $1.5 million 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 enable infiniDome to deploy GPSdome2 and design resilient navigation solutions tailored to meet future 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.
Looking ahead, infiniDome plans to continue its partnership with its strategic investors through joint development of dedicated solutions and global commercial agreements.