Hanwha Aerospace Invests in Israeli Startup with Anti-Jamming Technology | Be Korea-savvy

Hanwha Aerospace Invests in Israeli Startup with Anti-Jamming Technology


Hanwha Group's corporate logo atop one of its office buildings in downtown Seoul in this photo provided by the company.

Hanwha Group’s corporate logo atop one of its office buildings in downtown Seoul in this photo provided by the company.

SEOUL, April 26 (Korea Bizwire)Hanwha Aerospace Co., an aerospace business unit of chemical-to-financial conglomerate Hanwha Group, has invested in an Israeli startup that is developing anti-jamming technology to prevent global positioning system (GPS) signal interference.

The company on Tuesday announced its participation in the Series A investment round for infiniDome in collaboration with Honeywell Ventures of the U.S. and Nextgear Ventures.

The startup attracted a total of US$9 million on a Simple Agreement for Future Equity (SAFE) basis through this investment.

SAFE refers to an investment instrument that gives a seed investor the right to purchase equity at a predetermined cost before its issuance. This one-document contract does not have an expiration or maturity date.

The exact amount of Hanwha Aerospace’s investment was not disclosed.

InfiniDome, which was founded in 2016, has developed an industry-leading anti-jamming solution.

According to Hanwha Aerospace, the solution offers excellent low power-based performance at half the price of its competitors.

Kevin Lee (kevinlee@koreabizwire.com)

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