DSIT Solutions, a Rafael subsidiary that specializes in defensive systems against underwater threats, is moving forward with an IPO on the Tel Aviv Stock Exchange (TASE), The Jerusalem Post has confirmed.
For over 30 years, the company has focused on underwater acoustics, producing systems that detect and track divers, submarines, and other underwater threats. Its products are used to secure ports, offshore energy infrastructure, naval bases, and critical undersea assets.
The company’s portfolio includes diver-detection sonar, anti-submarine warfare systems, underwater communication platforms, and acoustic training and simulation tools. DSIT reports that it invests over 10% of its revenue in research and development (R&D), allowing it to maintain a competitive position in a field that requires constant technological advancement.
DSIT’s systems are deployed by navies, homeland security agencies, and commercial operators worldwide.
According to a report by Globes, DSIT will move forward with an IPO on the Tel Aviv Stock Exchange (TASE) at a company valuation of NIS 200 million to NIS 250 million. The report said that DSIT hopes to raise about NIS 50 million, which would be channeled into the company’s coffers for investment.
With three-quarters of the Earth’s surface covered by ocean, the sea has long been central to global trade, security, and power projection. Recent conflicts in Ukraine and in the Red Sea have accelerated the adoption of unmanned maritime systems because for many countries, the sea is the primary trade route. Any disruption can significantly increase costs and impact both national and global energy security.
The sea also holds critical underwater infrastructure with networks of cables spanning an estimated millions of miles across the Mid-Atlantic seabed from North America to Europe and Asia. Disruptions to such systems can have devastating consequences to communications, financial transactions, electricity, and more.
There is a growing recognition within the defense sector that underwater autonomy is critical to maintaining strategic advantage, particularly in regions where access and visibility are limited. Defense organizations are investing in new approaches to secure maritime environments, including technologies that can respond faster and operate with greater independence.
As underwater infrastructure becomes a growing strategic concern, an IPO for DSIT will allow the company to expand its role as a key provider of underwater domain awareness and security solutions.