mPrest builds a generic, product-based software platform that provides mission-critical monitoring and control for Internet of Things deployments, enabling organizations to connect any sensor and gain real-time situational awareness. Its platform allows customers to optimize operations automatically and manage complex systems at any scale. The company serves defense and security bodies, electric and water utilities, smart cities and buildings, fleet management companies and other large organizations. mPrest has been a strategic partner with Rafael Advanced Defense Systems for six years, supplying the command-and-control system for the Iron Dome air-defense system and other large projects. The company reported significant revenues and says it will use new financing to expand its international presence in industrial and commercial markets. Leadership cites plans to rapidly scale to meet growing IoT demand and to grow into a world leader in connected-industrial technology.

Total raised

$20M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2016