VisionWave just signed a strategic cooperation agreement with Foresight Autonomous (FRSX). The idea is to integrate Foresight’s stereoscopic 3D perception (visible + infrared) into VisionWave’s VARAN modular UGV platform for defense applications. Foresight is also helping push the platform in Asia, starting with South Korea, Japan, India, and Singapore.
At the same time they appointed Tony Fabrizio as Director of Aerospace and Defense for their UK subsidiary. He’s got a long background working with the UK Ministry of Defence and defense primes, so it looks like they’re trying to build a stronger presence in the UK and European markets.
Earlier this month they also signed a term sheet to take a controlling stake in D-Fence, an Israeli company that does AI-powered perimeter security.
They’re still very early-stage with limited revenue and the stock has been hammered (currently around the $1.08 range, market cap roughly $31M). Lots of dilution and losses, which is pretty normal for these microcap defense/AI names right now.
Interesting tech stack on paper and they’re stacking partnerships and IP. Curious if anyone else is watching this space or has thoughts on the Foresight deal or the European push.