Ametrine Technologies

growth-positive

Israel-based Venture Capital firm JAL Ventures Ltd. is raising $60 million for a new fund focused on defense technologies. The firm specializes in early-stage Israeli tech startups and intends to make $3-5 million investments in tech companies with annual sales of at least $1 million in the SaaS and defense technology sectors. JAL Ventures founders have a background in satellite telecommunications and have already added three Israel-based startups to their portfolio. The new fund aims to invest in companies developing non-fatal defense technologies, such as camouflage technologies, with government and army clients.

growth-positive

Ametrine Technologies, an Israeli company specializing in next-generation camouflage for the military, has been awarded a MOVE grant by the Montgomery County Economic Development Corporation (MCEDC) to establish operations in the US. The grant aims to attract new companies to Montgomery County and lower office vacancies. Ametrines cutting-edge technology was described by Co-Founder Gil Limonchik during a visit by MCEDC representatives. The company plans to better protect American and Israeli soldiers with their innovative camouflage technology. The grant provides a one-time payment of $8 per square foot for up to 10,000 square feet of office/lab space. The move to Montgomery County signifies growth and expansion for Ametrine Technologies.