Company Name: Prisma Photonics
Location: Tel Aviv, Israel
Business Focus: AI-driven monitoring of large-scale infrastructure
Funding Details: The company raised approximately $20M in Series C funding, bringing the total funds raised to $50M.
Purpose of Funding: Prisma Photonics plans to use the funding to accelerate its entry into the global power and renewable energy market and support its ongoing growth.
Background: Led by CEO Eran Inbar, Prisma Photonics offers innovative solutions to monitor infrastructure using existing optical fibers, spanning vast distances up to thousands of kilometers. The unique approach eliminates the need for additional sensor installations on the infrastructure. The system provides real-time alerts with pinpoint accuracy, enabling operators to comply with emerging regulations like the FERC order 881 in the U.S. It gives real-time notifications on electrical faults and extreme weather events, such as wildfires and icing, contributing to enhanced grid resilience in dynamic environments.
About Company: Prisma Photonics' optical fiber sensing technology benefits power transmission operators by allowing improved grid management. It empowers operators to optimize the existing grid's electrical capacity, paving the way for greater integration of renewable energy sources. The technology also aids in addressing current regulations and ensuring the grid's resilience against various challenges.
Beyond power grids, the company's advanced optical fiber sensing technology has applications across various infrastructure sectors, including oil and gas pipelines, subsea setups, railways, highways, and other extensive utilities.