Applying defense tech
to the business of human
Rafael Development Corporation
RDC is the commercialization arm of Rafael Advanced Defense Systems, in a full partnership with Elron Electronic Industries (TASE: ELRN). Our core business is the commercialization of high value civilian technologies based on defense technologies developed by Rafael, with the financial backing of Elron. Founded in 1993, RDC has established and sold a number of successful hi-tech companies in a wide range of disciplines.
At RDC, we leverage Rafael’s know-how,
expertise, and technological edge in the defense
industry, as well as Elron’s strong financial base,
access to capital markets, and strategic expertise
to develop and commercialize disruptive
technologies for high-growth civilian markets.
We achieve this through three types of
Fields of interest
Who we are
RDC and its portfolio companies benefit from the unique synergy between its two parent companies. Rafael offers an immense ‘brain trust’, powerful R&D infrastructure, and knowledge base, which help in setting the foundation for future growth and success on an international level. Elron provides strong financial backing and extensive expertise in all aspects of establishing and developing profitable high-growth companies. Its vast international business experience provides RDC’s companies with a significant competitive edge in their respective fields. RDSeed, our fully-owned subsidiary, invests primarily in cybersecurity and enterprise software start-ups.
Given Imaging (NASDAQ: GIVN), established by RDC in 1998, revolutionized the field of gastrointestinal (GI) imaging with the invention of video capsule endoscopy. Today a world leader in GI medical devices with a range of innovative options for visualizing, diagnosing and monitoring the digestive system, the company’s core technology was based on real-time image processing technology developed at Rafael. Given Imaging’s flagship product, the PillCam®, is a disposable, miniature video camera contained in an ingestible pill, for direct visualization of the GI tract. To date, more than 2 million patients worldwide have benefited from the use of the PillCam. Given Imaging was acquired by Covidien in 2014 for approximately $1 billion.
Medingo, established by RDC in 2005, developed the Solo™ Insulin Micro-Pump, a miniature, tubeless, stand-alone insulin infusion device combined with a remote control for personalization of pump parameters to the patient's needs. The company’s core technology was based on Rafael’s capabilities in mechanical miniaturization and special materials. Medingo was acquired by Roche Diagnostics in 2010.
3DV, established by RDC in 1997, developed three dimensional image sensor chip sets and cameras that capture objects in 3D, enabling users to control personal space through intuitive body gestures. The company's breakthrough video imaging technology enabled video cameras to capture the depth dimension of objects in real time, high speed and very high resolution for the video gaming and PC webcam markets. 3DV was acquired by Microsoft in 2009.