Israel GPS Security Startup infiniDome raises $2.4 million funding to scale operations
Israeli GPS security startup infiniDome Ltd., has announced closure of a pre-series A round of $2.4 Million that includes investments from Next Gear Ventures, the lead investor which led infiniDome’s earlier seed funding round, along with Honeywell Ventures that joined this round of funding, demonstrating their confidence in infiniDome and its proven GPS protection technology.
The proceeds will help scale infiniDome’s customer engagements in the Commercial Aircraft, UAS/UAV, and UAM market segments.
Omer Sharar, founder and CEO, infiniDome: “Financing from new and existing investors during this challenging time is a testament to our strong team and the growing need for our GPS protection technology for drones/UAS, connected fleets, critical infrastructure and defense. Besides pushing the boundaries on high-end GNSS protection in a tiny package with our next gen GPSdome, we are working on several new solutions including an exciting IoT sensor for critical assets and a cloud-based management system for monitoring and protecting attacks and signal quality at GNSS-dependent stationary or mobile assets.”
Tal Cohen, managing partner, Next Gear Ventures: “As an early investor in infiniDome, we know we have a truly world class team that would emerge as the leader in the commercial and low SWaP GPS protection market. infiniDome continues to exceed their business goals and we are excited to continue our support of the company and its exceptional growth.”
Matt Picchetti, Vice President and General Manager, Honeywell’s navigation and sensors business: “Navigation is at the heart of aircraft avionics and unmanned systems and Honeywell is a leader in assured navigation technology. This is a strategic investment for Honeywell as we see GPS protection as a critical complement to our inertial navigation capabilities. Customers require more robust navigation architectures, and we intend to cooperate with infiniDome to build joint solutions that will revolutionize resilient navigation.”
Recently infiniDome announced the successful completion of UAS flight trials conducted under GNSS jamming scenarios as a part of the NA’AMA initiative run by Ayalon Highways and Israel’s Ministry of Transport, a project to push the boundaries of BVLOS (Beyond Visual Line of Sight) operation and accelerate the adoption of UAS in urban environments. Additional recent announcements include the selection of infiniDome’s technology by Easy Aerial for their global security and defense solutions.