Elsight
Develops secure connectivity hardware and software for unmanned aerial and ground systems, enabling 24/7 beyond‑visual‑line‑of‑sight operations.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | AUD60.0m | Post IPO Equity |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 122 % | 87 % | 32 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (987 %) | (481 %) | (169 %) | (141 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (1053 %) | (523 %) | (239 %) | (191 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | - | 297 % | 204 % | 94 % | - |
Source: Company filings or news article
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Founded in 2009 by former Israeli Defence Force intelligence community members Nir Gabay and Roee Kashi, Elsight is a technology firm specializing in connectivity solutions for unmanned systems. The founders' background in military communications and video transmission formed the initial basis of the company's offerings, which were first adopted by Israel's defense and homeland security sectors. This early success led to a significant milestone in 2017 when Elsight went public with an IPO on the Australian Securities Exchange (ASX:ELS).
Pivoting in 2019, the company shifted its strategic focus towards the burgeoning unmanned aerial vehicle (UAV) market. This led to the 2020 launch of its flagship product, Halo, a connectivity platform designed to ensure reliable command and control for drones operating Beyond Visual Line of Sight (BVLOS). The business model centers on the sale of Halo hardware, supplemented by recurring revenue from service level agreements, data usage, and a Connectivity-as-a-Service (CaaS) offering. Elsight targets drone and UAV manufacturers and operators globally, with clients including major players like Lockheed Martin, DroneUp, and SpeedBird Aero.
The core offering, Halo, addresses the critical challenge of maintaining uninterrupted connectivity for unmanned vehicles. It functions by aggregating multiple communication links—including up to four LTE/5G cellular networks, satellite, and radio frequency (RF)—into a single, secure, and bonded data pipeline. This proprietary technology, powered by AI, dynamically steers data traffic across the various networks to optimize reliability and minimize latency, ensuring an unbreakable connection between the unmanned vehicle and its ground control station. The system is available in various form factors, including a lightweight card for drone integration and a boxed unit for broader applications, all designed with a minimal size, weight, and power (SWaP) footprint.
Keywords: connectivity solution, BVLOS, unmanned aerial vehicle, UAV, drone communication, command and control, C2, data transmission, multi-link bonding, 5G connectivity, LTE bonding, satellite communication, radio frequency, drone technology, unmanned systems, ground control station, secure connectivity, AI-powered connectivity, autonomous systems, ASX:ELS