ASIO Technologies Bags US$15 Mn to Grow Advanced Tactical Solutions

The investment was led by Protego Ventures, an Israel-based venture capital firm that invests in early-stage defense technology companies. Aliya Capital Partners also joined the round as a co-lead investor.

The new funding will help ASIO Technologies expand its tactical systems and grow its business in global markets. Aliya Capital Partners invests in leading companies working in AI, space, defense, and autonomous technologies.

"ASIO has reached this stage without raising external capital while maintaining profitability," Leshem said. "From our perspective, this investment is based on a company that has already demonstrated that its technology addresses a real operational need."

Founded in 2003 by Tomer Malchi and Yaniv Malchi, ASIO develops tactical systems that help military teams improve their awareness and make better decisions during operations.

Its technology improves coordination, navigation, and communication between ground forces, helping them operate more effectively in challenging environments.

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