Bright Innovations

Bright Innovations Overview

Bright Innovations develops information and communication technologies designed to support the smart city vision of a smart and shared environment for people, vehicles, and devices inhabiting the urban environment. The company achieves its goal primarily through its Coral Reef solution, an open smart city platform divided into three parts. The first part entails the Coral Reef engine units (or nodes), which are embedded into or attached to street lights and have advanced communications and processing capabilities. The second part of the system is the Bright Innovations app store, a cloud-based data center where third-party applications can utilize onboard hardware to provide smart cities with a multitude of applications and solutions. Collection and analysis in cloud-based data repositories enables big data and artificial intelligence (AI) capabilities. The third part of the Bright Innovations platform is a gateway for application developers and users that provides advanced control and monitoring features.

Cumulative Funding Raised Over Time ($)

Latest News

Sep 2, 2020 · www.news1.news

https://www.news1.news/en/2020/09/galileo-tech-will-merge-with-bright-innovations.html

Oct 30, 2018 · www.proactiveinvestors.com.au

Bright Innovations leading the way with smart city technology and support of Mayfair 101

Mar 2, 2018 · stockhead.com.au

growth-positive

Smart Cities play Bright Innovations aims for $8m IPO second time around - Stockhead

Bright Innovations, an Israeli tech company, is planning to list on the ASX within three months. The company focuses on commercializing an open Internet of Things platform for building smart cities. Bright Innovations previously attempted to list on the ASX in 2016 but the deal fell through. The company is now seeking a clean Initial Public Offering (IPO) and aims to raise $7 million to $8 million. They have already generated $1.5 million in revenue from pre-pilot projects and have partnerships with companies like Certis CISCO and Velpic. Bright Innovations sees Australia as an opportunity for growth in the smart city market. The IPO is partially underwritten by Mayfair 101.

Public TradingPartnersExpand

Feb 8, 2018 · www.afr.com

growth-positive

IPO hopeful Bright Innovations nabs heavyweight backer

Mayfair 101 has taken a stake in Bright Innovations, an Israeli tech company pursuing an ASX listing. Bright Innovations recently completed a $1.5 million pre-IPO round, with Mayfair 101 underwriting up to $5 million for the slated IPO. Bright Innovations now plans to raise $7 million from Australian investors to support the roll-out of its open platform for smart city applications. Lodge Partners oversaw the pre-IPO raising and will lead the ASX listing.

InvestmentPublic Trading

Jan 29, 2018 · www.calcalistech.com

growth-positive

Israeli Tech Is Flying High Down Under

The Australian Securities Exchange (ASX) has become a hotbed for innovative Israeli tech companies looking to raise capital. Since 2015, 14 Israeli tech companies have listed on the ASX, with a total of 16 currently listed. Most of these companies have used the method of reverse takeover (RTO) to access the market. The ASX has proven eager to promote the exchange in the Israeli market and has led many delegations to Israel. Israeli companies listed on the ASX have enjoyed an average percentage growth in share price of 94% one year after listing. The ASX offers benefits such as access to a broad investor base and a cost-effective source of capital. Australian investors are hungry for innovative Israeli tech startups, making the ASX an attractive option for Israeli companies.

InvestmentPublic Trading

Funding

Team Members

1

Employees: 11-50

Web & Social Links

Locations

Sha'ar Palmer Street 2, Haifa, Israel

510 5th Ave, New York, NY, USA

123 Hexiang Road, Wujin, Changzhou, Jiangsu, China

101 Collins Street, Melbourne Victoria 3000, Australia

Photos & Videos

1 item(s)

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