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Ondas Holdings secures $30 million in funding to enhance its demining capabilities amid a booming UGV market. This investment will support advancements in autonomous systems and edge intelligence.

PRIVATEAug 31, 20263 days ago

Amount Raised

$30 Million

Round Type

Venture - Series Unknown

SunnyvaleInformation TechnologyHardwareArtificial Intelligence

Description

Ondas Holdings has successfully secured $30 million to bolster its demining efforts. This funding represents a timely investment within the rapidly expanding unmanned ground vehicle market, spurred by government defense contracts. The capital will enable Ondas Holdings to enhance its technologies and offerings in autonomous systems. This move aligns with the projected growth trends in the sector, driven by increased government spending and private investment.

Company Information

Company

Ondas Holdings

Location

165 GIBRALTAR COURT

Sunnyvale, California, United States

About

Ondas Holdings Inc., through its wholly owned subsidiary, Ondas Networks Inc., is a developer of proprietary, software-based wireless broadband technology for large established and emerging industrial markets. The Company’s standards-based, multi-patented, software-defined radio FullMAX platform enables MC-IoT applications by overcoming the bandwidth limitations of today’s legacy private licensed wireless networks. Ondas Networks’ customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications. These markets require reliable, secure broadband communications over large and diverse geographical areas, many of which are within challenging radio frequency environments. Customers use the Company's FullMAX technology to deploy their own private licensed broadband wireless networks. The Company also offers mission-critical entities the option of a managed network service. Ondas Networks’ FullMAX technology supports IEEE 802.16s, the new worldwide standard for private licensed wide area industrial networks. For additional information, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. Information on our website and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission.

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