ISI, a leading provider of space-based intelligence solutions, announces the completion of an investment round by Discount Capital, Israel Discount Bank, investments arm, joining existing shareholders, FIMI opportunity funds, and IAI (Israeli Aerospace Industries).
The funding shall be utilized for further enhancing the company’s EROS Next Generation™ ultra-high resolution satellites constellation and in expanding research and development activities in New-Space satellite solutions and AI based analytics.
This investment round was led on behalf of Discount Capital by, CEO Hila Himi-Alpert and by Chief Investment Officer Hanoch Papoushado. Investing in ISI is part of Discount Capital’s investment strategy, which is focused at companies with unique technological edge and a substantial growth potential.
Since the investment by FIMI opportunity funds in 2017 and the appointment of Gillon Beck, FIMI senior partner as Chairman of ISI, the company entered into a substantial growth.
The investment will enable the expansion of ISI’s space-based assets as well as further increase investment in R&D.
Noam Segal, ISI CEO stated: “We are welcoming Discount Capital as one of ISI’s shareholders. This investment validates our growth strategy and is an expression of trust in ISI’s talented team and management ability to fulfill our growth strategy and technological vision.
I am certain that jointly we will reach new horizons and continue in supporting our customers with cutting-edge space-based intelligence capabilities.”
About Discount Capital:
Discount Capital is a wholly-owned subsidiary of Discount Bank, and serves as the bank’s investments & investment banking arm. With more than 25 years of operation, Discount Capital manages a broad investment portfolio, investing directly in companies and ventures as well as in investment funds. In the field of FinTech, Discount Capital actively invests in promising new ventures, with the goal of implementing innovative solutions and services at Discount Bank.
ISI (ImageSat International NV) is a world leader in Space based intelligence solutions, providing Geospatial Intelligence solutions and services based on the EROS NG™ (Next Generation) earth observation satellite constellation.
For more than two decades, ISI is successfully providing Geospatial intelligence and space-based intelligence turn-key programs and services for its customers combining satellite imagery services with integrated ground command stations and advanced AI based Geospatial intelligence analytical systems.
The company is part of an exclusive group of companies operating ultra-high resolution earth observation satellites constellations, which are serving ISI’s long standing customer base with unique mission-critical intelligence capabilities.
Presently, ISI is expanding its EROS NG™ constellation ultra high resolution satellites developed by IAI (Israeli Aerospace industries). In addition, the company is developing disruptive technologies such as a family of Defense & Intelligence oriented micro satellites including Runner™, Knight™ and Sprinter™, innovative multisatellite multi-mission ground control system – ClearSky™ and the GeoImpact™ AI based intelligence analytics platform.