Panoramic Power provides a cloud-based, circuit-level energy management solution that allows companies across a wide range of industries to gain insight into their energy usage. The platform enables customers to optimize operations, processes and maintenance resources. The company intends to use the financing to expand sales and marketing efforts and accelerate product development. Panoramic Power was founded in 2009 by Dr. David Almagor and Adi Shamir and is led by CEO Yaniv Vardi. It is based in New York, NY. The company announced the close of an $8M Series B financing in October 2013. Panoramic Power develops a cloud-hosted, real-time Energy Management System (EMS) and service that gives enterprises complete visibility into energy use. Its platform is designed to help organizations reduce operational and energy expenses. The company is based in Kfar Saba, Israel and was co-founded by CEO Dr. David Almagor and CTO Adi Shamir. Panoramic Power intends to use the new funding to accelerate product development, production and business expansion. The company has raised a total of $6.0M to date following the latest round. The offering targets enterprise customers seeking to improve energy efficiency and cut costs.

Total raised

$13M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2013