Israel’s GPS Security company, infiniDome closes on financing from investors including Honeywell
April 05, 2021 08:05 AM Eastern Daylight Time - CAESAREA, Israel--(BUSINESS WIRE)--infiniDome Ltd., the world’s leading GPS Security Company, is pleased to announce 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.
“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,” said Tal Cohen, Ph.D., managing partner at Next Gear Ventures. “infiniDome continues to exceed their business goals and we are excited to continue our support of the company and its exceptional growth.”
“Navigation is at the heart of aircraft avionics and unmanned systems and Honeywell is a leader in assured navigation technology,” said Matt Picchetti, Vice President and General Manager of Honeywell’s navigation and sensors business. “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.
“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,” said Omer Sharar, infiniDome founder and CEO. “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,” added Sharar.
About Next Gear Ventures Next Gear Ventures is an early-stage venture capital fund that invests in the most promising talent and entrepreneurs developing game-changing ideas for the future of smart mobility. Our team brings extensive experience in successfully growing startups, strong global partners, and investor network as well as deep domain knowledge of the transportation industry.
About Honeywell Ventures Honeywell Ventures invests in early-stage, high-growth companies from around the world that have emerging and disruptive technologies. We concentrate on companies that could scale faster with access to our customers, channels, intellectual property, advanced manufacturing capabilities and global presence. We invest in a wide variety of sectors, including those aligned with our businesses.
About infiniDome, Ltd. infiniDome, the GPS Security Company, provides front-end cyber solutions protecting wireless communications from jamming attacks. infiniDome’s GPS protection solutions are tailored for defending the GPS systems which are at the heart of drones and other unmanned systems, vehicle fleets and critical networks as well as defense applications. Visit www.infinidome.com.
Note to editors: infiniDome is a trademark of infiniDome, Ltd. All other product or organization names remain the property of their respective owners.