UAE’s EDGE Group will invest $10 million to buy a 30% stake in Israel’s Thirdeye Systems, a developer of artificial intelligence (AI)-based electro-optical systems to detect unmanned aerial vehicles (UAVs).
The note provides a comprehensive overview of the deal, covering:
- Expanded clauses under the deal
- EDGE’s broader strategy from investing in Thirdeye
The note also highlights EDGE’s strategic plan concerning Israel’s defense sector.
