Cyberbit, a subsidiary of Israel’s defence electronics contractor Elbit Systems, has secured investment of $30m from private equity investor Claridge. This investment will facilitate Cyberbit’s expansion of its sales and marketing operations, primarily in North America, enhance customer and partner support and boost development, Elbit said in a statement. The company is developing an advanced laser weapon system that can be used to shoot down enemy drones.
Cyberbit, a subsidiary of Israel’s defence electronics contractor Elbit Systems, has secured investment of $30m from private equity investor Claridge. The company is developing an advanced laser weapon system that can be used to shoot down enemy drones.