Summary:
Line 5 secures $20M Seed round, the largest in defense tech this year
Founded by Gigi Levy-Weiss and Yiftach Shoolman, aiming to revolutionize battlefield technology
Team includes Sari Brosh Rechav and Matan Melamed, bringing defense and tech expertise
Funding led by NFX, with participation from Kinetica and Iron Nation
Part of a broader defense tech boom, with Kela Technologies raising $100M
The defense tech sector is witnessing unprecedented growth, with Line 5, a stealth Israeli startup, securing the largest Seed round of the year at $20 million. Founded by Gigi Levy-Weiss of NFX venture capital fund and Yiftach Shoolman, co-founder of cybersecurity unicorn Redis, the company is poised to transform battlefield technologies.
A Team of Visionaries
Joining the founders are Sari Brosh Rechav, former COO of SpaceIL, and Matan Melamed, CTO and co-founder of Iron Drone, showcasing a team with deep expertise in defense and technology.
The Mission
While details remain under wraps, Shoolman, a former Sayeret Matkal fighter, aims to reduce soldiers' risk on the battlefield. Levy-Weiss, known for his gaming sector successes, serves as chairman, blending diverse experiences to drive innovation.
The Funding Landscape
The round was led by NFX and included Kinetica, Iron Nation, and notable angel investors. The startup's name honors Ayelet Langer-Alkobi, a victim of a 1994 terrorist attack, reflecting the personal connection driving its mission.
Defense Tech Boom
Line 5's funding highlights a broader trend, with Kela Technologies recently raising $60 million, totaling $100 million since July 2024. Backed by Sequoia Ventures, Lux Capital, and In-Q-Tel, Kela's platform integrates AI models and advanced sensors into military systems, showcasing the sector's rapid evolution.
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