ASIO Lands $15 Million Round, Secures Anduril Deal for GPS-Independent UAV Navigation
The Israeli defense technology firm, founded by former IDF reconnaissance officers, attracted its first outside capital after over two decades of bootstrapping, coinciding with a new U.S. defense contract.
By Ryan Merket · Published
Primary source: CTech
Why it matters
The investment and the Anduril contract provide a significant validation for ASIO, a company that has operated for over two decades without external funding. It highlights the escalating demand for GPS-independent navigation in autonomous systems due to electronic warfare, positioning ASIO's technology for broader adoption in U.S. and international defense platforms.
ASIO Technologies, an Israeli defense technology firm co-founded by former Israel Defense Forces (IDF) reconnaissance officers Tomer Malchi and Yaniv Malchi, has raised its first external funding, a $15 million round, after more than 20 years of bootstrapping. The investment arrives as the company expands its reach in the U.S. defense market, having secured a supply agreement with American prime contractor Anduril Industries reportedly worth tens of millions of dollars for its GPS-independent navigation modules.…
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