#Israel #AI Technology #Tel Aviv #Prisma Photonics #Hyper-Scan Fiber-Sensing

Prisma Photonics Secures $30 Million Funding to Enhance Infrastructure Monitoring

In a significant leap towards advancing the monitoring capabilities of critical infrastructure, Prisma Photonics has announced the closure of a $30 million growth funding round, bringing their total funding to a remarkable $80 million. This round was led by Protego Ventures and included participation from Adara Ventures and a leading Latin America transmission operator, among others.

Founded in 2017 and headquartered in Tel Aviv, Prisma Photonics specializes in transforming existing optical fiber into a sophisticated monitoring platform through its groundbreaking AI-driven Hyper-Scan Fiber-Sensing™ technology. This platform is now implemented across thousands of kilometers of infrastructure globally, showcasing its adaptability and efficiency. Key clients include 15 Tier-1 Transmission System Operators in both the U.S. and Europe.

Advanced Technology: A Closer Look

The core innovation of Prisma Photonics lies in its ability to convert standard optical fibers into expansive networks of real-time sensors. By integrating advanced optical sensing techniques with proprietary AI, the platform is capable of detecting, classifying, and localizing potential issues with high precision across vast distances. Whether it’s monitoring for security breaches, assessing power grid congestion, or predicting threats from wildfires near high-voltage installations, the technology provides crucial insights that enable proactive management of critical infrastructure.

One of the defining features of their technology is the continual learning aspect of their AI models. As the system gathers and processes increasing amounts of data from its various deployments, the machine learning algorithms enhance their performance, creating a self-improving feedback loop that strengthens the operational efficacy of the monitoring system.

Vision for Growth and Expansion

The recent funding is set to accelerate Prisma Photonics' growth trajectory, particularly in expanding its footprint in the U.S. and European markets while also paving the way for entry into Latin America. As the energy sector strives to integrate renewable energy sources while coping with aging infrastructure, Prisma aims to become a key player in facilitating these transitions.

“Our technology not only protects infrastructures but also drives the energy transition forward,” said Dr. Eran Inbar, CEO of Prisma Photonics. “Critical infrastructure is under constant stress due to a myriad of factors, including security threats, unfavorable weather patterns, and shifts in energy demands. Our AI capabilities harness raw fiber signals into actionable intelligence, thus ensuring the resilience and safety of essential infrastructure.”

A Promising Future

Investors have expressed confidence in Prisma’s potential to revolutionize infrastructure management. Lee Moser, Managing Partner at Protego Ventures, remarked, “Prisma Photonics has displayed extraordinary innovation by reimagining fiber infrastructure for effective monitoring across multiple sectors.”

With a proven record of improving the resilience of utilities in developed markets, the company is now set to address emerging markets with untapped potential for advanced monitoring technologies. The firm’s commitment to harnessing cutting-edge technology to enhance the safety and efficiency of critical infrastructure will undoubtedly lead to significant advancements in infrastructure management across the globe.

In summary, the recent capital infusion is not merely a funding milestone; it represents a vital step toward Prisma Photonics fulfilling its mission to create safer, smarter, and more resilient infrastructure worldwide. As capital markets recognize the importance of innovative solutions in safeguarding critical systems, Prisma Photonics will be at the forefront, championing the next generation of infrastructure monitoring.