IAI selected five tech startups to develop products

 Israel Aerospace Industries has chosen five startups to work with its engineers and experts to create products with the company, including sensors and artificial intelligence.

The five startups are QuantLR, Aigent-Tech, DST, Scopoli, and FVMat. Their work will focus on sensors for tracking people and objects, AI, monitoring systems, and landing gear, among other technologies.

IAI produces and supports a variety of defense systems for land, air and naval applications, such as a recent test of the Arrow 2 air defense weapon and a new sea-to-sea missile.

Among the companies selected, FVMat focuses on meta-materials, such as the production and design of materials with unique densities and stiffness. The firm will work with IAI on landing gear applications.

Aigent-Tech previously developed on-demand ridesharing solutions, and works on navigation and routing technology to improve transit efficiency.

QuantLR’s website says it works on quantum encryption technologies.

DST will work with IAI’s Aviation Group on real-time monitoring, while Scopoli will work with the System Missiles and Space Group on solutions for tracking people and objects.

IAI said it conducted more than $900 million in research and development activity last year, of which $191 million was used for its own innovation groups. A company spokesperson called research and development the company’s “DNA.”

IAI’s new Innovation Center and the selection of five startups are part of the firm’s concentration on working with a large number of local startups. The center opened with the help of Starburst Aerospace, which specializes in pre-seed technological challenges, IAI said. The effort is expected to support work on machine learning, quantum computing, radars, sensors, robotics, big data, computer vision, smart cockpits, propulsion, drones, cyber technology and 3D printing.

After a public call in August for participants in the center, 90 startups applied. Of those, five have been chosen.

IAI company did not specify how much money would be invested in the projects with which the startups are involved, but IAI’s Innovation Center has received several million dollars. IAI at present is not investing in the startups themselves, but rather is teaming with them.

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