AgEagle Aerial Systems Inc (EagleNXT) has made a USD 10 million strategic investment in ThirdEye Systems Ltd of Israel and the two companies have formed a joint venture called ThirdEye USA, LLC.
The new US-based entity will provide a line of counter-uncrewed aerial systems (C-UAS) products and systems to the US and Canadian markets, and will operate out of EagleNXT’s headquarters in Allen, Texas. EagleNXT will own 51 percent of ThirdEye USA and ThirdEye Systems will own the remaining 49 percent. Under the terms of the joint venture agreement, EagleNXT is entitled to appoint three of the five managers of ThirdEye USA.
ThirdEye Systems specialises in electro-optical recognition and AI-powered C-UAS systems. Its product portfolio includes the Argus Shield, Meduza X, Chimera UL, vEYE, fEYE and Tesseract.
This partnership combines EagleNXT’s expertise in UAS, multispectral and thermal sensors, and deployment experience across defence and public safety sectors with ThirdEye Systems’ proprietary AI-driven electro-optical algorithms and C-UAS systems. A press release issued by EagleNXT today (April 14) said that the collaboration is expected to “accelerate the development and delivery of integrated, high-performance solutions for counter-UAS capability, situational awareness, target acquisition and advanced aerial intelligence applications.”
ThirdEye USA is expected to be operational by May 2026.
For more information
Image: ThirdEye Systems
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