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AI-Driven Grid Resilience firm, Prisma Photonics secures approximately $20 Million

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Prisma Photonics, Insight Partners, Schneider Electric, EON

Prisma Photonics, the dynamic, AI-driven startup that monitors large-scale infrastructure, such as power grids, announced today that it raised approximately $20M in a Series C round led by New York-based global private equity and venture capital firm Insight Partners, with participation from Elements, a Climatech fund, SE Ventures (Schneider Electric’s venture capital arm), Future Energy Ventures (the venture capital investment and collaboration platform of E.ON), Chione Switzerland, and INcapital.

The investment will accelerate the company’s break into the global power and renewable energy market while supporting its continued growth. This round brings the total funding raised by Prisma Photonics to over $50 million. The company’s earlier investors include Israel Electric Corporation, Israel Natural Gas Lines, and i3 Equity Partners.

Read more at PR Newswire