Prisma Photonics, a Tel Aviv, Israel-based startup which monitors large scale infrastructure, raised $20M in Series B funding.
The round, which brings the total funding raised by Prisma Photonics to over $30m, was led by Insight Partners, with participation from SE Ventures and Future Energy Ventures.
The company intends to use the funds to accelerate growth and support new customers and projects.
Led by Dr. Eran Inbar, CEO, Prisma Photonics helps keep the most critical large-scale infrastructure up and running with a quantum leap in utility monitoring. The company’s solutions cover multiple markets, which share the need to monitor and manage large-scale infrastructures such as power transmission grids, oil and gas transmission pipelines, long-spanning railways, highways, subsea cables and pipes, and more.
Its fiber sensing technology offers safer, secure, efficient, and cost-effective operations while protecting the environment by preventing spills, wildfires, and other environmental hazards.
Customers manage thousands of kilometers of infrastructures, among them New York Power Authority, Israeli Natural Gas Lines, Israel Electric Corporation and other tier-1 utility operators).
The company’s earlier investors include i3 Equity Partners and Chione Switzerland.
FinSMEs
10/02/2022