Tuesday, January 28, 2025

UAE's Edge Group buys 30% stake in Israeli defense company Thirdeye

Good news! An eye for an eye? 😊 The Abraham Accords keep on giving!

"In an unusual defense industries collaboration between Israel and the UAE, Thirdeye Systems (TASE: THES), which develops electro-optical recognition systems for drones integrated with AI capabilities, today announced that it has signed an agreement and established a joint venture with Abu Dhabi's Edge Group.

As part of the agreement, Edge will invest $10 million for a 30% stake in the Israeli company and will become Thirdeye's biggest shareholder. The deal will require approval by Israel's Ministry of Defense. ..."

UAE's Edge Group buys 30% stake in Israeli defense co Thirdeye - Globes "Thirdeye develops electro-optical recognition systems for drones integrated with AI capabilities."




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