Announced
Completed
Financials
Tags
Israel
infrastructure solutions
Private Equity
Single Bidder
machine learning
Private
Security Services
sensors
Completed
Cross Border
Friendly
Minority
Venture Capital
Acquisition
Facilities Technology
Synopsis
Insight Partners, a venture capital and private equity firm investing in high-growth technology and software companies, led a $20m Series B round in Prisma Photonics, a startup which monitors large scale infrastructure, with participation from SE Ventures and Future Energy Ventures. "With the demand for energy on the rise, utility operators find it harder to keep their assets operating smoothly and safely. It is a challenge to monitor and maintain these long infrastructures. Our Machine Learning based solutions are unique as we address this huge scale challenge with ease and accuracy. The investment is a vote of confidence from Insight Partners and a first of its kind in a new domain of critical infrastructure management," Eran Inbar, Prisma Photonics CEO.
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