The UAE defense conglomerate intends to invest $ 10 million in an Israeli company

Edge, a defendant conglomerate from the United Arab Emirates, intends to acquire a 30% stake in the Israeli company Ain Systems for $ 10 million. This was reported by The Marker.

After the group of the Emirates showed interest, the Ain-Slyschs shares on the Tel Aviv Exchange grew in price by 27%.

The Emirates conglomerate, in addition, intends to invest about $ 12 million in a joint with Ain, the Center for Research and Development in the UAE, in which 49% will belong to the Israeli company, and 51% EDGE.

Thirdeye Systems was created in 2020. It is headed by Major General in retired Yedidi Jaari. In 2021, the Newsru.co.il website talked about the fact that during the Operation “Wall of the Walls” the IDAL used the Himer system, developed by Ain Slisit with the support of the Department of Weapons Development of the Ministry of Defense. If earlier for tactical reconnaissance, drones were used that required the special preparation of the operator, the “chimera” allows you to do the same using multicopters that anyone can control. At the same time, the technological development of recent years has allowed Thirdeye Systems to use AI power directly on the multicopter, without the need to transmit information to an external computer for processing. This allows the system to track multiple objects at the same time, giving the operator a panoramic picture of what is happening and pointing to potential goals.