Theon International Invests $3 Million in Twin Prime and Establishes AI Joint Venture
Theon International announced on Wednesday a strategic investment of $3 million in Twin Prime, an American laboratory specializing in artificial intelligence for defense and security. The two companies also agreed to create a joint venture aimed at integrating AI models into Theon's product portfolio.
Minority Stake Acquisition and a Joint Venture with Shared Governance
Theon acquires a single-digit minority stake in Twin Prime for a total amount of $3 million in cash. Concurrently, the two companies establish a joint venture owned 60% by Theon and 40% by Twin Prime, tasked with developing, marketing, and deploying customized AI solutions based on Twin Prime's proprietary platform. This joint venture will be incorporated in Greece and will complement the efforts of Theon's already established internal AI team. The operation is part of the Theon Next initiative, aimed at accelerating the group's AI capabilities across its entire product range. Twin Prime, founded in 2025, focuses on developing AI models for the defense and security sectors. The startup is currently concluding a pre-seed funding round led by Expeditions, an investor specialized in security technologies.
Accelerating R&D and Strengthening Presence in the United States
Theon justifies this investment by its desire to accelerate its internal AI capabilities, expand its presence in the United States, and access the rapidly evolving AI sector. The group also highlights its strategic partnership with a leading Polish technology investment fund, active with Polish defense companies. Theon's approach is based on a proven model previously: the group has formed minority stakes in Kopin Corporation and Varjo Technologies, transactions that have accelerated its research and development capabilities while generating capital appreciation for shareholders. The financial effects of these previous investments are expected to be reflected in Theon's second-quarter 2026 results.
A Team of Researchers with Strong Backgrounds
Twin Prime was co-founded by George Lentzas, Stephane Sezer, Drew Calcagno, and Michael Leite-Garcia, an international team of leading researchers in artificial intelligence, quantitative finance, and national security. Its founders boast cumulative experience at major institutions including Hudson River Trading, Google Research, Lawrence Livermore National Laboratory, Columbia University, the White House, the Pentagon, as well as various branches of the US and European armed forces. The technology developed by Twin Prime focuses on AI models capable of natively processing data from multiple sensor modalities in the physical world, particularly in the fields of defense and security, enabling operators to act quickly and effectively.
