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Cielo Inertial Solutions

Former names: Chiaro Networks, Al Cielo Inertial Solutions Ltd.
Navigation and Control Inertial Technologies
Startup Acquired Founded 2005 Aerospace, Defense & HLS
Last Update Nov 3, 2024 · Claimed

Cielo Inertial Solutions News

1 article
Dec 20, 2007 · www.globes.co.il
growth-positive
UAV maker Aeronautics buys Al Cielo for $20m
UAV maker Aeronautics Defense Systems has acquired Al Cielo for $20 million. Al Cielo is the reincarnation of Chiaro Networks, which raised $224 million before folding. Al Cielo is developing a high-performance Fiber Optical Gyro. The sole investor in Al Cielo is Efi Gildor, one of the first investors in Chiaro. Chiaros previous investors decided to close down the company. Aeronautics Defense Systems is a private manufacturer of tactical UAVs with over $50 million in annual sales.
Acquisition