Ondas Inc.

Ondas Inc.

Ondas Inc. was founded in 2014 by Eric Brock, who structured the entity as a public holding company rather than a conventional investment fund. The firm's seed investment came from capital deployed into proprietary IEEE 802.16s wireless technology, which became the core of its Ondas Networks subsidiary. This operating-company-first approach means Ondas does not disclose AUM in the traditional family-office or fund-manager sense; its asset base consists of majority stakes in industrial-tech operating businesses and minority positions in drone infrastructure providers. The firm operates across three distinct verticals. Ondas Networks builds private wireless data networks for mission-critical rail and utility infrastructure — a sector dominated by legacy GSM-R systems that are now reaching end-of-life. American Robotics, another portfolio entity, develops fully autonomous drone-in-a-box systems for industrial inspection and perimeter security, having received FAA approval for automated beyond-visual-line-of-sight operations. Airobotics, acquired and integrated alongside American Robotics, serves mining and port authorities in Israel — marking the firm's operational footprint in both North America and the Middle East. The fund structure is notably absent of third-party LP commitments; Ondas funds its subsidiaries through public equity issuances and convertible note facilities. As of mid-2025, the firm's operational scale is measured by subsidiary regulatory milestones rather than closed-end fund sizes. Ondas Networks holds a contract with Siemens Mobility to outfit Class I railroads in the United States with its next-generation 802.16s radios. In May 2025, Ondas received an expansion order from an Israeli defense contractor for its Airobotics Optimus drone systems — a repeat order that confirms a shift from pilot programs to recurring operational contracts (per the firm, May 2025). The firm has also leased manufacturing space in St. Louis, Missouri, indicating a domestic assembly push for its growing order book. Ondas departs from family-office convention by operating as a permanent-capital structure listed on Nasdaq. There is no fund lifecycle, no distribution waterfall, and no limited partners. This architecture means Brock and his management team face the liquidity and volatility of public markets rather than private quarterly calls — a structure that rewards short-term operational execution over locked-up capital. The firm's governance gives the CEO dual operating-company responsibility alongside public-company reporting, a tightrope walk that has historically either produced lean innovators or liquidity traps, with no middle ground.