Israel defence startup Commcrete raises $29 million

Israeli defence technology startup Commcrete said on Tuesday it raised $29 million in early stage funding rounds, as the country’s defence sector faces supply challenges from abroad.

Commcrete develops handheld satellite communication systems, which are already deployed by defence, special operations, and emergency response teams, it said. One of its products converts any radio, from military-grade hardware to off-the-shelf walkie-talkies, into a satellite-enabled system.