Micronet Ltd.

www.micronet-inc.com

High-Tech Company

Acquired by Jeen AI

TECH VERTICALS

Automotive, Construction Tech, Data Collection, Infrastructure, Logistics, Public Safety

General Data

Sector	Network Infrastructure
Company Stage:	Initial Revenues
Established	1982
Number of Employees	40
Reg. Number:	abCDe

DESCRIPTION

Micronet has over three decades of experience in the development, manufacture and marketing of mobile computing platforms for integration into ﬂeet management and mobile workforce management solutions. Micronet's products have been adopted by leading global Telematics Service Providers and Mobile Workforce Management providers who require highly versatile, innovative and reliable in-cab platforms as part of their solution. Built to withstand the harsh environmental conditions of commercial vehicles, our products help reduce the Total Cost of Ownership. With over one million units sold, Micronet devices are utilized in broad-ranging vertical markets, including long and short-haul trucking, public transportation, field service, public safety, infrastructure, utilities, government, construction, waste management, and more.

TECHNOLOGY

Data collection terminal systems. Micronet’s new platforms represent the next stage in the evolution of in-vehicle Telematics, with flexible and powerful open platforms for application development and system integration.

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Enterprises, Vehicles. Public Transportation, Long Haul and Local Fleets, Infrastructure, Field Service, Logistics, Municipalities, Construction, Public Safety.

	BUSINESS MODEL
	B2B

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Patent Attorneys
abC Defghij	Accounting Firm
abC Defghij	Law Firm

REMARKS

Date	Remark
11/05/2025	Jeen AI reversed merged into Micronet in a share swap deal. Following the deal, Jeen AI shareholders hold a majority 52% stake in the merged company and Jeen's AI activity is its main activity. Micronet's management has resigned and the merged company is being run by Jeen AI's management.
28/08/2024	After a failed attempt in the beginning of 2024, Micronet signed a definitve agreement with SaverOne for the purchase of Micronet's smart cameras activity in exchange for 5% of future profits.

CONTACT INFO

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Main Address: Herzliya, Israel

Address	85 Medinat Hayehudim St. Business Park, G Building,
City	Herzliya
Country	Israel
Zip	4676670

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Salt Lake City, United States

Address	4190 South Highland Drive, Suite 202
City	Salt Lake City
State/Province	UT
Country	United States
Zip	84124

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Prof. Israel Cidon	Co-Founder	Barracuda Networks Israel (CTO)
Mr. Hezi Kaplan	Co-Founder

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

May. 11, 2025

Initial Revenues

abCDe

Jeen AI reverse-merged into Micronet in a share swap deal. Following the deal, Jeen AI shareholders hold a majority 52% stake in the merged company and Jeen's AI activity is its main activity.

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	High-Tech Company	abCDe

Public Offerings

Deal Date	Type of Offering	Exchange	Amount Raise	Valuation	Remarks
Oct. 12, 2020	Fourth Public Offering	TASE	abCDe	abCDe	Raised NIS 12.3m Valuation NIS 19.3m
Jun. 21, 2020	Third Public Offering	TASE	abCDe	abCDe	Raised NIS 4m, Valuation NIS 11.3m
Feb. 21, 2019	Second Public Offering	TASE	abCDe	abCDe
Nov. 29, 2006	IPO	TASE	abCDe	abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Buyout

Sep. 09, 2012

abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Nov. 17, 2008

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe	Co-op with Infowave Ltd.

	PORTFOLIO COMPANIES

Current Portfolio Companies (1)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Jeen AI

Ent. SW

Reverse Merger

11/05/2025

N/A

Last Updated:	abCDe
IVC Number:	abCDe