Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Prisma Photonics Secures $20M in Funding

Facebook Twitter LinkedIn Email
TEL AVIV, Israel, Sept. 18, 2023 — AI-driven infrastructure monitoring startup Prisma Photonics has raised approximately $20 million in a series C round. The investment will accelerate the company’s entrance into the global power and renewable energy market while supporting continued growth. The round brings the firm’s total funds raised to more than $50 million, after Prisma raised the same amount in its 2022 series B round.

Prisma Photonics uses optical fiber sensing technology to detect and provide alerts on events such as electrical faults and extreme weather conditions such as wildfires and icing. The company’s solutions monitor infrastructure using existing optical fibers covering great distances, up to thousands of kilometers, without the need to install sensors on the infrastructure itself. Events and alerts are reported in real time and within meters of accuracy. The company collaborates with Israel National Gas Lines to implement its PrismaFlow system for continuous monitoring of gas pipeline segments in the country.

The funding round involved Insight Partners, with participation from Elements, a Climatech fund, Schneider Electric’s venture capital arm SE Ventures, Future Energy Ventures, Chione Switzerland, and INcapital. Also this month, Prisma expanded its U.S. presence by appointing a U.S. sales leader.
Sep 2023
Businessfundingstartupseries CSensors & Detectorsfiber optics and communicationsenvironmentelectricalinfrastructuregridmonitoringPrisma PhotonicsIsraelEMEAventure capital

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.