Locusview News
10 articles
growth-positive
Shahar Levi, CEO of Locusview, warns that outdated infrastructure and soaring energy demands threaten Israel's ability to sustain innovation and compete in the AI revolution.
Shahar Levi, CEO of Locusview, highlighted the critical need for Israel to invest in its outdated infrastructure to remain competitive in the global AI revolution. Speaking at a conference sponsored by Calcalist and Discount Bank, Levi emphasized that without significant investment in the electricity grid, Israel risks stifling the growth of future startups and missing out on AI advancements. Locusview, founded in 2014, has raised $80 million, including a $64 million Series A round in 2021, to develop its Digital Construction Management platform. Levi outlined four global trends driving energy infrastructure investment: resilience against climate disasters, increased electricity consumption due to data centers, the rise of distributed energy systems, and the financial challenges of building new infrastructure. He warned that Israel is lagging behind in these areas, which could impact its technological and economic future.
Investment
growth-positive
Locusview appoints Ayelet Gavish as Chief HRO and Chief Corporate Strategy | CTech
Locusview, an Israeli project management platform for energy infrastructure, has appointed Ayelet Gavish as Chief HRO & Chief Corporate Strategy. Gavish was previously a partner at PwC Israel, where she served as Partner in PPO (People, Processes & Organization) and also served as Chief HRO of Locusview on behalf of PWC for the past year. The company was recently ranked third in Calcalist’s list of the 50 most promising startups for 2023. Locusview has raised a total of $80 million to date, including a $64 million Series A round in 2021.
Management Changes
Growth-Positive
Locusview CEO: "Lucky to be on the right side of history" | CTech
Shahar Levi, CEO and Founder of Locusview, discussed the companys efforts to assist large utility companies in the US with their plans to renew and upgrade their energy networks. Locusview, founded in 2014 by Levi and GTI Energy, has developed a Digital Construction Management (DCM) platform for energy, telecom, and water industries. The platform is designed to help these industries manage infrastructure capital projects and meet stricter, climate-friendly regulations. Levi expressed confidence in the companys future growth, citing climate change and the need for technological tools as key drivers for investment in their industry.
CustomersInvestment
Locusview Announces New Chief Product Officer, Sassi Idan
growth-positive
BPCL partners with Locusview to digitise its pipeline laying process - Indian Infrastructure
BPCL has partnered with Locusview, a technology company specializing in Digital Construction Management, to digitize its pipeline laying process. The partnership aims to solve challenges related to paper-based collection methods and impaired GIS data, which have caused delays and hindered asset defect detection. Locusviews solution provides real-time visibility of field activities and captures high accuracy data during construction. The partnership is expected to improve data quality, ensure pipeline integrity, and reduce delays. Both companies are committed to the projects success and plan to continue providing long-term value.
Partners
Neutral
The Missing Link: Why Utilities Should Adopt a Digital Construction Management Solution
The article discusses the slow adoption of digital transformation in the utilities sector. It highlights the challenges faced by utility leaders in implementing digital solutions, such as resistance to change, inefficiencies in existing technologies, and the lack of a comprehensive solution. The article suggests that utility leaders need to adopt a single technology platform that manages data flow and acts as a single source of truth for the entire organization. It predicts that over the next 5-10 years, utilities will increasingly rely on Digital Construction Management technology to optimize their operations.
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growth-positive
Digital construction management co Locusview raises $64m
Locusview, an Israeli digital construction management company, has raised $64 million in a Series A financing round led by Israel Growth Partners. The total amount raised by Locusview to date is $80 million. The investment will support the companys global reach, expansion into electric utilities, additional product development, and acquisition opportunities. Locusview has developed a digital construction management platform for energy, telecom, and water industries. The company plans to double its staff by year-end and expand its platform capabilities. Locusview aims to lead the digital revolution of critical infrastructure construction globally. The company has already become a trusted partner for over 20 of the largest utility companies in the US. The article was published on April 28, 2021.
InvestmentExpand
growth-positive
Office Tour: Locusview Offices - Herzliya
Studio Samuelov delivered an aesthetically engaging design for Locusviews offices, a software company, located in Herzliya, Israel. The interior design focused on merging low-tech and high-tech elements and creating a beautiful design in line with the companys values. The design included a cafeteria lounge, a spacious kitchen space, and a relaxing terrace. The goal was to provide users with a top-notch experience. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event.
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growth-positive
LocusView Solutions Acquired by NortecView
LocusView Solutions, a subsidiary of GTI International, has been acquired by NortecView. NortecView is an Israeli-based software company that develops mobile, IoT, and web solutions for utility companies. The acquisition will accelerate product development and deployment of LocusViews technology throughout the U.S. LocusView offers a mobile application for capturing and validating construction data in real-time, as well as an intelligent inspection product for optimizing and standardizing inspections. With over 900 users and plans for additional users in 2018, LocusView will remain a separate entity and continue to serve its existing clients while addressing new industry challenges.
Partners
growth-positive
Traceability system for gas distribution networks
NortecView and the US Gas Technology Institute (GTI) have launched the VISUS, a mobile traceability system for gas distribution networks. The VISUS captures information on pipes, joints, fusions, and operators, which directly integrates with a companys GIS to create maps and records of new installations in real-time. The technology was built with funding from US Operations Technology Development partnership and the Israel-US Binational Industrial Research and Development Foundation.
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