Israel Electric Corporation Announces Follow-On Investment In Prisma Photonics' Series C, Previously Announced At $20 Million
Round Type
Series C
Tel AvivEnergyTelecommunicationsInvestors
Description
The Israel Electric Corporation (IEC), the Israeli electric utility, will join Prisma Photonics' Series C funding round. This comes after a previous investment in April of 2022. The two companies have been in partnership since early 2021. Prisma Photonics currently employs its optical fiber sensing technology to monitor over 1,000 km (more than 620 miles) of IEC's transmission network, detecting electrical faults, damage to power towers and transmission lines and weather conditions across 20% of Israel's national grid.
Quick answer
Prisma Photonics raised an undisclosed amount in a Series C round, dated December 20, 2023. Investors: Prisma Photonics and Israel Electric Corporation. Prisma Photonics is based in Tel Aviv, Tel Aviv District, Israel.
- How much did Prisma Photonics raise?
- Prisma Photonics raised an undisclosed amount in a Series C round on December 20, 2023.
- Who invested in Prisma Photonics?
- Prisma Photonics and Israel Electric Corporation are named as investors in this round.
- What does Prisma Photonics do?
- Prisma Photonics revolutionizes infrastructure monitoring by using optical fibers to monitor critical large-scale infrastructure like power grids and oil & gas pipelines for thousands of kilometers, eliminating the need..
- Where is Prisma Photonics based and how big is it?
- Prisma Photonics is based in Tel Aviv, Tel Aviv District, Israel. Fundz records about 101 employees.
- Who are the decision-makers at Prisma Photonics?
- Fundz holds 1 contact at Prisma Photonics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Telecommunications around the same time
Companies in the same sectors as Prisma Photonics that raised within 45 days of this round, from Fundz verified event records.
- Fluid Efficiency raised $7.7M on February 2, 2024.
- NEXT Energy Technologies raised $11M on February 1, 2024.
- Rebound Technologies raised $200K (Seed) on January 31, 2024.
- Vesper Energy raised $590M (Funding Round) on January 31, 2024.
- Tau raised $12M (Funding Round) on January 30, 2024.
- Haven Energy raised $7M (Seed) on January 30, 2024.
Who to call at Prisma Photonics, and when
A new round usually means Prisma Photonics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Prisma Photonics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Prisma Photonics, from your own LinkedIn network
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Related People
Prisma Photonics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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