Israel AI visualization startup deployed by NASA plans to list on Nasdaq
Omer-based Odysight installs cameras in an aircraft’s critical fail points and uses artificial intelligence to analyze the image for potential failures to prevent accidents
Sharon Wrobel is a tech reporter for The Times of Israel
Odysight, a developer of video-based sensor technology used by NASA to monitor, is planning to list its shares on Nasdaq in what would mark the first initial public offering by an Israeli startup in 2025.
The startup, based in Omer, an affluent suburb of Beersheba in the south of the country, seeks to raise net proceeds of $21.8 million from the initial public offering at a company valuation of about $129 million.
“We intend to use the net proceeds of this offering primarily for expanded research and development, increased sales and marketing, working capital, and other general corporate purposes,” Odysight said.
Founded in 2013, Odysight, formerly known as ScoutCam, is the developer of an AI-based platform that leverages visual sensing and video analytics proprietary technology to monitor critical equipment, infrastructure, and machines across the aviation, manufacturing, and medical industries. The startup initially developed miniature video cameras for use in diagnoses and treatments of gastrointestinal disorders and minimally invasive surgeries.
By utilizing proprietary visual technologies, the small cameras are now used to monitor critical safety components in hard-to-reach locations and harsh environments, such as helicopters and aircraft, for the early detection of potential failures and to prevent accidents.
Odysight is managed by Col. (ret.) Yehuda Ofer, a former Israeli Air Force pilot and IDF attaché in Italy, Greece, Serbia, and Croatia, and former Elbit Systems aerospace manager.
Odysight says its predictive monitoring systems provide real-time failure and anomaly detection alerts and thereby prevent costly downtime and ensure worker safety. The startup’s micro video camera has been used in NASA’s Robotic Refueling Mission 3.
Other customers include the Israeli Air Force, the Israeli Defense Ministry, France-based Safran Aircraft Engines, and a leading US-based Fortune 500 healthcare company.
Its backlog as of December 2024 from major government clients and defense and aviation companies amounted to about $15 million compared to about $2.6 million in 2023.
In January 2025, Odysight announced a collaboration with Israel Railways to develop an advanced monitoring and predictive maintenance system designed to prevent derailments and improve the safety and efficiency of the country’s rail network. In September 2024, the startup won a new repeat purchase order from NASA to support its high-speed aeronautical flight testing on aerospace vehicles.
