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 ($)
—Aug 2024
$26.0MDec 2015
$36.0MOct 2017
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
2 item(s)
mPrest Business
Business models
B2G, B2B
Product stage
Released
Employees
51-200
Sector
Climate TechEnergy TransitionEco-Efficient Transmission and DistributionEnergy TechEnergy Management & Grid IntegrationTarget Customer
Government & CityMunicipalitiesDefense, Safety & SecurityNational SecurityMilitaryIndustrial ManufacturingEnergy, Utilities & Waste ManagementUtilitiesElectricityWater UtilitiesRenewable Energy SystemsSolarFossil FuelsOilCoalCore Technology
Platforms & InterfacesSoftwareTags (28)
defensedetectionhomeland-securitymonitoringfleet-managementcritical-infastructurewaterenergyiotsecuritymilitarysmart-citytrackingenergy-control-and-managementclimate-techelectric-vehiclesenergy-storagewind-powersolar-energymunicipalitiessmart-gridelectric-utilitiesasset-managementwater-utilitiesdata-optimizationindustry-4.0oil-and-gas-companiesenergytechGeographic Markets
GlobalmPrest Financials
$36M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
A
Funding stage
3
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
—Aug 2024
$26.0MDec 2015
$36.0MOct 2017
Private Equity Funding
Secondary Round
Aug 2024
Undisclosed
OurCrowd
Undisclosed Round
Oct 2017
$10M
Vector Ltd
A Round
Dec 2015
$26M
Angeleno Group, OurCrowd, GE Ventures
mPrest Lifecycle
Cumulative Funding Raised Over Time
—Aug 2024
$26.0MDec 2015
$36.0MOct 2017
All Events
Secondary Round
Aug 2024
Undisclosed
OurCrowd
Undisclosed Round
Oct 2017
$10M
Vector Ltd
A Round
Dec 2015
$26M
Angeleno Group, OurCrowd, GE Ventures
mPrest News
16 articles
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
growth-positive
mPrest Enters European Utility Market and Showcases Smart Energy Technology at CIGRE Paris 2018
mPrest, a mission-critical monitoring and control software leader, is expanding into the European utility market. The company will showcase their Grid Modernization System of Systems applications and smart energy software products at the 2018 CIGRE Paris Conference. mPrest aims to assist utilities in achieving innovative business models and supporting renewable energy initiatives. They will focus on developing strategic partnerships with key partners and utilities in Europe.
Partners
growth-positive
mPrest and UMS Group Partner to Deliver World-Class Electric Utility Operational Analytic Solutions
mPrest has partnered with UMS Group to deliver electric utility operational analytic solutions.
Partners
growth-positive
From Missile Defense to Grid Modernization: A Conversation with mPrest's Ron Halpern
mPrest has integrated Innowatts DER and DR information management system into its grid modernization solution. The partnership aims to provide utilities with greater visibility and insights beyond the meter, allowing them to manage energy assets more effectively. mPrests command-and-control systems platform, designed specifically for utilities, differentiates it from other vendors. The integration of Innowatts software products and services within mPrests Grid Modernization System of Systems enhances its capabilities. The partnership offers utilities the ability to determine load, disaggregate data, and predict and adapt to the occurrence of DERs. mPrests open and integration-friendly systems development environment provides cost savings and speed of deployment. The company works with utilities to build interfaces to existing systems, allowing them to keep their current applications. The partnership is expected to contribute to the growth of mPrest.
Partners
growth-positive
mPrest and Innowatts Partner to Enhance Behind the Meter Transparency
mPrest and Innowatts have announced a partnership to integrate customer intelligence into mPrests Grid Modernization applications. This integration will enable utilities to better predict and manage reliability risk, optimize grid assets, and lower costs for customers. Innowatts AMI enabled energy analytics and load forecasting will be integrated with mPrests analytics models and visualizations. The partnership aims to drive grid efficiency and reliability by leveraging customer level predictive intelligence. The integration will be showcased at DistribuTECH.
Partners
growth-positive
Israel's Iron Dome Software Developer Targets US Utility Clients
Israeli software company mPrest is set to announce two new contracts with US utility companies. The company, which created the software platform for Israels Iron Dome missile defence system, already has an office in New York and has previously signed a deal with the New York Power Authority. The companys technology allows for advanced grid management, and it is also working with the Israel Electric Corporation and New Zealand utility Vector. mPrests software is also likely to appeal to US utilities due to its defence heritage and the growing concern over grid cybersecurity.
PartnersExpand
growth-positive
New Zealand's Vector invests $10m in Israel's mPrest
Israeli startup mPrest has raised a significant investment of $10 million from Vector Limited, New Zealands largest electricity and gas provider. mPrest provides monitoring and control software for the Internet of Things, including Internet of Energy software. Vector will also act as a reselling partner for mPrest in the Oceania region. This investment and partnership with Vector is a vote of confidence in mPrests software and its potential in the utility and energy space.
InvestmentPartners
growth-positive
mPrest Expands in North America to Assist Utilities Lead the "Internet of Energy" Transformation
mPrest, a global provider of mission-critical monitoring and control software for the Industrial Internet of Things (IIoT), has expanded its presence in the North American utility market. The companys technology is revolutionizing the way electric utilities incorporate grid analytics and distributed energy resources (DERs) into their grid and business models. mPrests applications assist utilities in reducing power outages, improving service, and reducing overall cost of energy. They are collaborating with multiple leading utilities in the United States on implementing DERMS, Grid Analytics, and Smart Grid Management. mPrests Intelligent Grid Management System of Systems integrates existing IIoT systems to provide an all-in-one view of DERs, DR platforms, and legacy assets. The company aims to empower utilities to become leaders in building and managing distributed energy networks.
CustomersPartners
growth-positive
Israel's Iron Dome becomes golden ticket
mPrest, the company that makes the command and control system for Israels Iron Dome air defense system, is making rapid progress in civilian applications for its technology. The companys reputation and success with Iron Dome has helped it gain credibility and attract global companies in various industries. mPrest is expanding into the commercial market, particularly in utilities, smart cities, telecoms, fleet management, and agriculture. The companys system is a fit for the growing Internet of Things (IoT) market. While the civilian market may be smaller per project compared to the defense sector, mPrest sees significant growth potential. Iron Dome remains a focus for the company, with exports to undisclosed countries. The article does not mention any specific customers, investors, or acquisition amounts. The event described in the article is ongoing, with no specific date mentioned.
CustomersExpand
growth-positive
Monitoring and control co mPrest raises $20m
Israeli startup mPrest, known for developing the brains for the Iron Dome missile defense system, has raised $20 million in a Series led by GE Ventures and ourCrowd. The funding will be used to expand mPrests international presence in the industrial and commercial markets and meet the growing needs of the IoT world. mPrests software platform enables organizations to connect any sensor and optimize operations in real-time. The company aims to become a world leader in technology for the connected industrial world.
InvestmentExpand
mPrest Raises $20M to Expand Industrial and Commercial IoT Solutions
mPrest Raises $20M to Expand Industrial and Commercial IoT Solutions
mPrest Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 176 |
| Team members | 7 |
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mPrest Internal
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Admin Info
| Confidence | 92/100 |
| Missing | markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 513472597 |
| Crunchbase | mprest |
| Phone | +972732166666 |
| Creator | Yanina Wainscheinker |
| Creator email | yanina.wain@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-04-14T00:00:00.000Z |
| Created | 2014-08-20T00:00:00.000Z |