IAI Harop drone (IAI)
Israel Aerospace Industries (IAI) signed two separate agreements with two countries to deliver long range loitering munitions with a combined value of $145 million The countries were not named. Meanwhile, Munch, an Israeli startup that has developed an AI-powered automation platform for social media, raised $7.2 million in a Seed funding round led by A* Capital, supported by Liquid2 and Pre-Seed investors Cardumen Capital and Remagine Ventures.
Founded in 2021 by Oren Kandel and Peter Naftaliev, Munch powers the most advanced AI capabilities – GPT, OCR, and NLP – to analyze your clip’s content with social and marketing trends from the leading platforms.
Munch pledges that its Video AI will ensure the content is clipped and adjusted to have both the action at the center of the frame and ideal for performance on any platform – YouTube, TikTok, or Instagram.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
“Businesses and brands who successfully employ social media content strategies are seeing higher returns on their investments and improving their bottom lines,” said Oren Kandel, CEO and Co-founder of Munch. “With Munch, any business, small or large, with quality content can now reach more potential customers – a revolutionary approach when it comes to social media usage for marketing teams around the world.”
As for the IAI deal, the firm said that what it described as two “significant orders” follow a previous contract signed earlier this year, that has also declared the purchase of IAI’s long range loitering munitions. This series of orders represent the growing global demand for IAI’s long range loitering munition family and demonstrates IAI’s unique capability in this market segment.
IAI’s family of long range loitering munitions includes the Harpy NG, Harop, and Mini Harpy. In the 1980s, IAI invented the loitering munitions weapons class when it introduced the HARPY. Equipped with an Anti-Radiation (AR) seeker, the Harpy was designed for the Autonomous Suppression of Enemy Air Defense (SEAD) missions. Today, IAI offers the Next Generation, the HARPY NG – a more advanced loitering munition used against a diverse range of radiating targets.
IAI boasts that the HAROP, a derivative of the Harpy, is a combat proven loitering munition with a naval and land versions. The Harop is used against a variety of combat scenarios including against terror threats. Using a day and night Electro Optical seeker, the HAROP scans, detects, identifies, and attacks stationary and moving targets with exceptional precision and at any angle.
The MINI HARPY, says IAI, is the only loitering munition in the world to carry a triple seeker – Electrooptical day, night, and AR. The combined seeker allows detection and attack in severe weather conditions and makes it very difficult for the target yo avoid detection and destruction. The Mini Harpy has electrical propulsion and is equipped with an anti-tank warhead. Like the other long range LMs, Mini Harpy is canister-launched
IAI’s President and CEO Boaz Levy: “Loitering munitions have proven critical to achieving operational success on the battlefield worldwide. The flexibility in strikes that can be achieved with a loitering munition is a major advantage in combat and the type of precision reached is of strategic and national importance. The latest orders emphasize the trust in IAI’s loitering munitions family in bringing the required advantages to each country respectively.”
