Mentioned:
GILT -9.14% ONDS -12.91%
One of the leaders in satellite networking technology in the public markets is making a bet on a drone detection startup. But, why?
What’s happening:
- Gilat Satellite Networks (NASDAQ: GILT) has made a new $3.5M USD strategic investment into drone detection and tracking startup Crosense
The big idea:
- Crosense has developed a technology platform that is aiming to be used at scale for securing airports, military bases and important infrastructure from unauthorized and hostile drone activity
- Crosense’s technology is capable of functioning in any weather environment and any type of terrain, including highly dense urban areas
Why it matters:
- Building new technology to combat hostile drone activity and attacks has been an emerging trend of late, with OpenAI and Anduril recently forming a notable partnership focused on building new types of artificial intelligence models for the sole purpose of dealing with potentially dangerous drones
Going deeper:
- Gilat Satellite Networks has publicly stated they plan to support the distribution and sales of Crosense’s technology, with a specific focus on leveraging their connections with national defense and security companies
The intrigue:
- Ondas Holdings (NASDAQ: ONDS) just recently made waves when they announced they would begin doing live demonstrations of their counter drone system across North America, Europe, the Middle East and Asia due to the incredibly high global demand for dealing with hostile drones
