Autonomous encapsulated UAS company SpearUAV announces Series B funding round of $17 million, led by UVision Air Ltd
May 12, 2022 - SpearUAV - developer of an autonomous, AI-based technology for encapsulated SWARM-based UAS - announces a $17 million investment in its Series B round of funding. The round was led by UVision Air, a market leader in loitering munitions systems, and included several other investors.
This latest investment in the company reflects its expansion in the international defense and homeland security (HLS) markets and in providing solutions through unmanned aerial tools for armies and law enforcement agencies around the world.
Intended for a wide range of intelligence-gathering and precision-attack missions, Spear’s breakthrough drone technology enables immediate and intuitive launch from a capsule, with specific solutions for air, land and sea missions.
“The company's current fundraising success is another step in establishing SpearUAV as a leader in breakthrough technology in the world of unmanned air vehicles, giving soldiers new aerial dimension and full air autonomy in the field,” says Colonel (Ret.) Gadi Kuperman, Founder & CEO of SpearUAV. “Together with UVision, which led this round of funding, SpearUAV will be able to provide diverse solutions for a wide range of needs compatible with the modern battlefield, including drone swarm array operation, ISTAR operations, precise attack capabilities, and more.”
“Spear’s systems have been operationally proven and we believe that they have enormous potential in the international defense market,” says Major General (Ret.) Avi Mizrachi, CEO of UVision. “The purpose of this investment is to generate a strong synergy between the two companies. UVision expands its portfolio offering a comprehensive solution for varying operational needs from the micro-tactical forces and brigade level, to the division level. The companies are already collaborating on technological knowledge to develop new systems.”
About SpearUAV
Spear is an Israel-based technology company, active since 2017 in the development and manufacturing of unmanned air systems for defense and HLS applications.
As a single source supplier for several Israeli MOD programs, Spear provides military clients, organizations, and governments around the globe with robust, autonomous, AI-based aerial systems.
With a blend of civilian and military backgrounds, the Spear team brings multidisciplinary expertise in areas including: drone development, aerospace, AI & AR, military explosives, swarm operation and more.
SpearUAVs’ Ninox family of encapsulated UAS are instantly launched - in individual or swarm configuration - and intuitively operated. Providing combat-proven on-demand and on-the-move air capabilities, and delivering instant ISTAR missions and aerial loitering munition for precision-attack capabilities, Ninox empowers individual warfighters, and equips manned & unmanned vehicles and allied systems with a new aerial dimension that meets the challenges of today’s urban battlefield.
About UVision Air Ltd.
UVision designs and manufactures combat-proven smart loitering munition systems, providing military organizations around the globe with precise and effective operational attack capabilities. Its innovative, cost-effective systems are based on cutting-edge technology and 30 years of extensive field experience by military professionals, engineers, and the company’s own management team.
UVision’s loitering munitions are designed with unique flight qualities for precision attack, with advanced airborne guidance and sophisticated navigation algorithms, integrated with C4I stations – thereby meeting the requirements of today’s modern battlefield for combat in complex and dynamic environments.
Based on unique aerodynamic platform configurations, UVision’s HERO series of loitering munitions systems provides high-precision strike capabilities, suitable for tactical and strategic targets ‒ whether for short, medium or long-range – utilizing a variety of warheads to ensure maximum mission effectiveness. The units are operationally deployed and field proven.
ISO certified, UVision is fully committed to providing turnkey solutions to its extensive network of partners and customers around the world, with high-quality service and swift support.
For further information about Spear UAVs, visit www.spearuav.com, or contact:
Udi Oren, Marketing Director
Email: udi@spearuav.com
Mobile: +972-54-2282822
For further information about UVision Systems, visit www.uvisionuav.com, or contact
Ronit Konfidan, Marketing Communications Director
Email: ronit.k@uvisionuav.com
Mobile: +972-52-3786665
