RDC - Rafael Development Corporation Ltd. (with Elron)

www.rdc.co.il

Holding Company

Tech Verticals Preferences

AgriTech, B2B, Communications, Cyber Security, Deep Tech, Defense Tech, Digital Health, Energy Tech, Environment, Healthtech, Manufacturing, Medical Devices, MedTech, Military, Mobile, Mobile Applications, Security, Wireless Infrastructure

General Data

Established	1993
Current Active Portfolio Companies:	10
Reg. Number:	abCDe

DESCRIPTION

RDC – Rafael Development Corporation is a unique company, blending seemingly contradictory disciplines into viable commercial products. Its core business is the identification and development of potentially valuable commercial technologies based on hi-tech defense technologies developed within Rafael Advanced Defense Systems enhanced with the financial capabilities of Elron Electronic Industries.

RDC is an incubator, a business development and a holding company, all in one. Since established in 1993, it has leveraged the strong partnership of both Elron and Rafael to found numerous hi-tech companies in a wide range of disciplines - from medical devices to telecommunications and semiconductors, and many others.

With its unique strategy and highly experienced management, RDC primarily identifies existing market needs, defines the technological concept of the solution, creates a valid business plan and finally establishes a new company which will develop the product or application.

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
		RAFAEL Advanced Defense Systems Ltd.
35969DC0-1F7A-E111-AC59-00155D32A403	Subsidiary	DSIT Solutions Ltd.	RAFAEL Advanced Defense Systems Ltd.
30C86FE4-1F7A-E111-AC59-00155D32A403	Subsidiary	Aeronautics Ltd.	RAFAEL Advanced Defense Systems Ltd.
96C96FE4-1F7A-E111-AC59-00155D32A403	Subsidiary	Kinor Technologies Inc.	RAFAEL Advanced Defense Systems Ltd.
B3B64C02-207A-E111-AC59-00155D32A403	Subsidiary	AccuBeat Ltd.	RAFAEL Advanced Defense Systems Ltd.
9F7DE34A-207A-E111-AC59-00155D32A403	Investment Arm	RDC - Rafael Development Corporation Ltd. (with Elron)	RAFAEL Advanced Defense Systems Ltd.
	Subsidiary	Galram Technology Industries Ltd.	RAFAEL Advanced Defense Systems Ltd.	Acquired/Merged
	Subsidiary	Presight.AI	RAFAEL Advanced Defense Systems Ltd.
EEA5BBDA-433F-E511-BD22-80C16E7D3630	Subsidiary	Cielo Inertial Solutions Ltd.	RAFAEL Advanced Defense Systems Ltd.
E06E1138-207A-E111-AC59-00155D32A403	Investment Arm	RDSeed Ltd.	RDC - Rafael Development Corporation Ltd. (with Elron)
24A118BB-9D3F-E711-80D5-00155D0B8329	Subsidiary	PoziDrone Ltd.	Aeronautics Ltd.	Acquired/Merged
78959DC0-1F7A-E111-AC59-00155D32A403	Subsidiary	Commtact Ltd.	Aeronautics Ltd.
0EC967EA-1F7A-E111-AC59-00155D32A403	Subsidiary	Magna BSP Ltd.	Aeronautics Ltd.
BFD857F6-1F7A-E111-AC59-00155D32A403	Subsidiary	Controp Precision Technologies Ltd.	Aeronautics Ltd.
B89B410E-207A-E111-AC59-00155D32A403	Subsidiary	IR Solutions Ltd.	Aeronautics Ltd.	Ceased
	Subsidiary	Zanzottera Engines	Aeronautics Ltd.	Acquired/Merged
D4CB77DE-1F7A-E111-AC59-00155D32A403	Subsidiary	ESC BAZ Ltd.	Controp Precision Technologies Ltd.
046C6973-C770-E511-BD22-80C16E7D3630	Subsidiary	Foresight Autonomous Holdings Ltd.	Magna BSP Ltd.
79DD30B1-8C8D-E811-80F7-0050569A1018	Spin-off	Eye-Net Mobile Ltd.	Foresight Autonomous Holdings Ltd.
A7F20859-3EFF-E211-B3BE-00237DE91982	Division	DSIT Sonar & Acoustics Ltd.	DSIT Solutions Ltd.	Ceased

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm
abC Defghij	Law Firm

REMARKS

Date	Remark
01/12/2007	Elron signed an agreement with RDC and Rafael, according to which it will transfer $4m to RDC and will invest $0.75m in every company established by RDC based on Rafael's technologies.

CONTACT INFO

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Main Address: Tel Aviv, Israel

Address	114 Yigal Alon St, ToHa Tower, 22nd Floor
City	Tel Aviv
Country	Israel
Zip	6744320

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
Mr. Yaron Kulas	CEO	HBL (External Director)
Mr. Lior Zvi Levinsky	CFO	ActySafe (CFO)
Mr. Yaniv Shnieder	CTO
Mr. Yair Pecht	Entrepreneur in Residence	NSO (CEO)

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Deputy Chariman, Gazit Gobe
abC Defghij	Board Member	Comptroller & Economic Advisor, Ministry of Defense.
abC Defghij	Board Member	Executive VP, R&D, Rafael
abC Defghij	Board Member	VP & CFO, Elron
abC Defghij	Board Member	Head of Finance & Subsidiaries Division, Rafael
abC Defghij	Board Member	Former CEO/GM at Rafael, Elisra and Poalim Electronic Communications

	FINANCIAL ROUNDS

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Round

Date

Stage

Amount

Valuation

Bridge

Mar. 10, 2021

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe
abC Defghij	Traditional Industry	abCDe

Investment in Fund

Dec. 30, 2007

abCDe

Investment in Fund

Jan. 01, 1993

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	Holding Company	abCDe
abC Defghij	Investment Company	abCDe	(50.1%) through DEP
abC Defghij	Traditional Industry	abCDe	(49.9%)

Investment Data

Preferences

Type of Financing	Equity
Stage Preferences	R&D,Seed

SECTOR SEGMENTATION (By Number Of Companies)

Enterprise Software & Infrastructure

60%

Hardware & Industrial

20%

Network Infrastructure

10%

Agritech

10%

	PORTFOLIO COMPANIES

Current Portfolio Companies (10)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Breeze Security

Ent. SW

Seed

01/08/2023

$0.2m

$6.65m

CyberRidge

HW & Indust.

Secondary Deal	01/08/2025	$0.25m	$0.5m
First Round	01/04/2025	$1m	$16m

IronScales

Ent. SW

First Round

05/12/2017

N/A

$6.5m

N-Drip

Agri

Third Round	21/06/2023	N/A	$44m
Second Round	18/11/2021	N/A	$21.5m
First Round - Extended	01/09/2019	N/A	$9m
First Round	05/08/2018	N/A	$8.4m

OpenLegacy

Ent. SW

Second Round	28/11/2018	N/A	$30m	Previous investments executed by RDSeed. Estimated amount $5m
First Round	01/12/2016	$7m	$7m
Seed	01/05/2014	$4m	$4m

RDSeed

N/A

Investment in Fund

01/07/2013

$6m

Holds 87% of the compnay. Holdings aquired from Elron.($5m)

Red Access

Ent. SW

First Round	04/03/2025	$2m	$17m
Seed	24/05/2022	$3m	$6m

Scribe Security

Scribe is a holistic software supply chain platform for managing SDLC risk and securing the users software factory and products from development to deployment. Scribe implements zero trust, continuous assurance, attestation concepts, and SDLC-guardrails-as-code to enhance products’ security and trustworthiness while reducing friction with development teams and speeding up the users time to market.

Ent. SW

First Round	15/11/2023	$2m	$3.5m
Seed	26/01/2022	$3.5m	$7m

Tamnoon

Ent. SW

Seed - Extended

14/06/2023

$0.6m

$5.1m

Wonder Robotics

HW & Indust.

Seed - Extended	01/03/2025	$0.6m	$0.7m
Seed - Extended	12/07/2022	$2m	$4m

Exits (22)

Company Name	Exit Type	Date Announced	Amount	Remarks
abC Defghij	Acquired	02/06/2009	abCDe
abC Defghij	Acquired	10/02/2006	abCDe	In shares.
abC Defghij	Acquired	15/02/2023	abCDe
abC Defghij	Acquired	26/07/2025	abCDe	The total value of the acquisition could grow to $250m, contingent on Cynerio achieving specific milestones.
abC Defghij	Holdings Sold		abCDe
abC Defghij	Acquired	07/12/2013	abCDe	In cash. Later on, Covidien has been acquired by Medtronic.
abC Defghij	IPO	04/10/2001	abCDe
abC Defghij	Acquired	21/12/2021	abCDe
abC Defghij	Acquired	06/06/2004	abCDe
abC Defghij	Acquired	22/03/2021	abCDe
abC Defghij	Acquired	16/09/2015	abCDe
abC Defghij	Acquired	13/04/2010	abCDe	Including $19m in milestone payments. Medingo will become part of Roche Diabetes Care.
abC Defghij	Acquired	01/05/2001	abCDe	In cash.
abC Defghij	Acquired	04/11/2021	abCDe
abC Defghij	Acquired	02/09/2025	abCDe	In cash and stock. Penn-America Underwriters is part of Global Indemnity Group LLC (GBLI).
abC Defghij	Acquired	10/04/2018	abCDe
abC Defghij	Acquired	21/06/2021	abCDe
abC Defghij	Acquired	24/09/2009	abCDe
abC Defghij	Acquired	06/10/2011	abCDe	Acquired Starling's civilian technology.
abC Defghij	IPO	13/06/2007	abCDe
abC Defghij	Acquired	24/11/2012	abCDe
abC Defghij	Merged	05/01/2004	abCDe

Historic Portfolio (12)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

ActySafe

Ceased to Operate

Network Infra.

Seed

01/04/2008

N/A

Holds 100% of the company

Allero

Ceased to Operate

Ent. SW

Seed

08/06/2022

$2.5m

$4.4m

Creednz

Ceased to Operate

Ent. SW

Seed

27/07/2022

$2.5m

$7m

eMune

Suspendeed Operations

CO SW

Seed

01/01/2015

N/A

HDS Ltd. (Hemo Dynamics...

Ceased to Operate

First Round

01/08/1996

N/A

$5m

Lirhot

Ceased to Operate

HW & Indust.

Seed

01/10/2017

N/A

$2m

OneView

Ceased to Operate

Ent. SW

Seed

01/11/2019

N/A

$3.5m

Pocared

Ceased to Operate

$Pocared is the developer of leading technologies platforms. The P-1000™ uses the unique physical properties of intrinsic fluorescence to provide the fully automated, direct specimen, CULTURE-FREE Microbiology® and reagent- free solution for microorganism detection, identification and enumeration. The SP (Sample Processor) offers the world's first general use, automated cell fractionate concentrator that introduces sample purification, organism recovery and viability second to none. These proprietary process technologies dramatically improve the ability of practitioners and hospitals to implement evidence-based medicine, while reducing lab operating costs and improving profitability. Pocared™ brings to market the first truly comprehensive CULTURE-FREE Microbiology® solution that uses direct specimen sampling to detect, identify and enumerate microorganisms in minutes, not hours. Pocared™ stands unique in its ability to assist in optimizing antibiotic stewardship, patient care and laboratory efficiency.$

Biomed

Sixth Round

01/06/2017

$6.8m

$10m

SmartWave Medical

Ceased to Operate

Seed

01/10/2011

$0.5m

VerdEco Technologies Ltd.

Ceased to Operate

Cln.

Seed

01/10/1996

N/A

Vsoft

Ceased to Operate

Network Infra.

Third Round	27/08/2001	N/A	$3m
First Round	01/06/1996	N/A	$3m
Seed	01/03/1995	$1m	$1m

XSights

Ceased to Operate

CO SW

Seed

01/10/2007

$1m

Holds 50% of the company

Last Updated:	abCDe
IVC Number:	abCDe