From gaming to war: Israeli tech company Xtend is heading to the stock market
Brothers Aviv and Matteo Shapira, well-known Israeli entrepreneurs, are on their way to an IPO on the New York Stock Exchange with their new company, Xtend. The company focuses on developing advanced drone technologies designed to assist security forces on the battlefield.
The story of the Shapira brothers began many years ago in the tech world. In 2016, they sold their previous company, Replay Technologies, to chip giant Intel for $175 million. At that time, they focused on developing innovative technology that changed the way sports broadcasts are viewed on television.
Today, the brothers are transferring their experience from the world of gaming and sports to the world of security. Xtend's technology allows operators to control drones in an intuitive and simple way, similar to computer games. These systems help soldiers perform complex missions in the field more safely and accurately.
The decision to go public on the American stock exchange marks a significant step for the Israeli company. It is a vote of confidence in Israeli technology and its ability to integrate into the global security market, while utilizing advanced digital tools that were originally developed for entirely different purposes.