By The United Arab Emirates (UAE) has taken a significant step in strengthening its defense collaboration with Israel by investing $10 million to acquire a 30% stake in Thirdeye Systems, an Israeli company specializing in artificial intelligence (AI)-driven electro-optical systems for detecting drones and unmanned aerial vehicles (UAVs).
This investment is part of a broader agreement that includes the establishment of a joint venture between the UAE’s EDGE Group and Thirdeye Systems. The joint venture will focus on developing and marketing electro-optical object recognition systems in new global markets. Under the terms of the agreement, EDGE Group will hold a 51% majority stake in the joint venture, Thirdeye Systems will retain 43%, and a third party will own the remaining 6%.
The deal is currently pending approval from Israel’s Defense Ministry. Thirdeye Systems, founded in 2010, develops fully automated electro-optical scanning systems designed to detect fast-evolving threats on the battlefield, including UAVs and enemy drones. These systems utilize dual imaging technology, combining thermal and sensor imaging to detect heat emissions and capture light reflections.
This investment underscores the growing defense ties between the UAE and Israel, particularly in the realm of advanced technologies aimed at enhancing security and defense capabilities. The collaboration is expected to leverage the strengths of both nations in developing cutting-edge solutions for modern defense challenges.
