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Israel defence startup Commcrete raises funds to ramp up handheld SATCOM devices
['Thomson Reuters']
Knoxville | WDKW 95.7 | theduke.fm
JERUSALEM (Reuters) -Israeli defence technology startup Commcrete said on Tuesday it raised $29 million in early stage funding rounds, as the country’s defence sector faces supply challenges from abroad.
Commcrete develops handheld satellite communication systems, which are already deployed by defence, special operations, and emergency response teams, it said.
One of its products converts any radio, from military-grade hardware to off-the-shelf walkie-talkies, into a satellite-enabled system.
Some European countries have begun to hold back on military supplies to Israel.
The funding, Commcrete said, will support global expansion as its ultra-compact SATCOM systems gain adoption by defence, security, and emergency organizations in Europe, North America, East Asia, Australia, and the Middle East.