mPrest Overview
MPrest is a global vendor of real-time and mission-critical orchestration and optimization software. MPrest has developed distributed asset orchestration and optimization software. MPrest's micro-service-based, real-time orchestration and optimization platform brings the power of artificial intelligence and the Internet of Things (IoT) to the digital transformation of the energy and other Industrial IoT markets. MPrest's application suite includes distributed energy resource management systems and asset health management, deployed on premises or in the cloud in some of the world's largest energy companies. MPrest's vendor-agnostic product suite interfaces with millions of sensors, devices, machines, assets, subsystems, and IT and OT applications, creating a system of systems that provides end-to-end visibility and control over complex and distributed operations.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
mPrest selected as DERMS Provider for Energy Queensland
mPrest, a provider of Distributed Energy Resource Management Systems (DERMS), has partnered with Energy Queensland, a government-owned electricity company in Australia. The partnership aims to deliver a dynamic grid topology aware, distribution utility focused DERMS project. The goal is to orchestrate and optimize energy from over one million Distributed Energy Resources (DERs), and DER & load control programs. The partnership will help manage the increase in DERs and optimize DER flexibility, enabling Energy Queensland to achieve its strategic objectives for its customers.
PartnersCustomers
growth-positive
mPrest Selected as DERMS Provider for Richmond Advanced Energy Community Project
mPrest has announced that its mDERMS platform will be used by energy provider MCE in the Richmond Advanced Energy Community (AEC) project. The project, led by the Zero Net Energy (ZNE) Alliance, aims to develop and test comprehensive, scalable clean energy solutions in the lower-income neighborhood of Richmond, CA. The program is backed by $4.9M in California Energy Commission (CEC) funding and will focus on rehabilitating abandoned homes, implementing energy efficiency compliance programs, and establishing a distributed energy resource (DER) community. mPrests DERMS platform will integrate and optimize these DER aggregations to maximize customer value. The company will also provide training, analytics, forecasting, and dispatch support for the project.
PartnersCustomers
growth-positive
mPrest mDERMS and mTHM Now Available in the Microsoft Azure Marketplace
mPrest, a developer and provider of distributed asset orchestration and optimization software for the energy market, has made its mDERMS and mTHM application suite available in the Microsoft Azure Marketplace. This allows mPrest customers to leverage the scalability, reliability, and security of Azure for application development and business strategies. The mDERMS system integrates with existing distribution management systems and advanced distribution management solutions, as well as third-party distributed energy resources and microgrid management systems. The mTHM application empowers energy companies to monitor the health of their transformers using advanced analytics and machine learning algorithms. The partnership with Microsoft Azure enables mPrest to revolutionize the way energy companies manage their energy systems.
CustomersPartners
growth-positive
mPrest's Grid Modernization System of Systems, Integrates Grid Sentry and UMS Group to Deliver Optimal Wildfire Mitigation and Major Event Management Solution
mPrest, Grid Sentry, and UMS Group have announced their fully integrated solution for wildfire detection, damage mitigation, line de-energization, grid intelligence, and event restoration. The solution combines mPrests System of Systems, Grid Sentrys Intelligent Line Sensor Platform, and UMS Groups NRx/VMx Network Reliability and Vegetation Management Platforms. The companies will be attending the Wildfire Technology Innovation Summit in March 2019. The integrated platform provides real-time monitoring, predictive analytics, and disaster planning tools for the 2019 wildfire season.
Partners
growth-positive
mPrest to Partner With Southern Company for Grid Modernization and Distributed Smart Energy Applications
mPrest and Southern Company have announced a collaboration to develop and implement a solution to enhance the resiliency, efficiency, and flexibility of Southern Companys distribution system. The partnership aims to integrate advanced grid technology and turn grid-edge devices into fully integrated tools for enhanced management at the edges of the electric grid. The collaboration was awarded a grant from BIRD Energy to develop a distribution product. mPrests intelligent grid applications address the challenges of the evolving energy industry. The partnership allows Southern Company to increase grid flexibility and improve products and services for customers and communities.
Partners
| Sector | Energy Tech |
Funding
| Total funding | $36M |
| Last funding | Undisclosed |
| Stage | A |
| Rounds | 3 |
| Investors | 4 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | mprest.com |
Locations
Derech Em ha-Moshavot 94, Petah Tikva, Israel
Photos & Videos
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