mPrest, a Menlo Park, CA and Petach Tikwa, Israel-based global provider of mission-critical monitoring and control software for the Internet of Things (IoT), raised $20m in Series A funding.
The round was led by GE Ventures, and OurCrowd.
The company intends to use the funds to expand its international presence in the industrial and commercial markets and scale operations.
Led by Natan Barak, CEO and founder, mPrest provides mission-critical monitoring and control software to optimize asset performance and productivity serving essential sectors, including defense and security bodies, electric and water utilities, smart cities and buildings, fleet management companies and other large organizations around the world.
FinSMEs
25/01/2016