Scala co-founders Ravit Netzer and Adi Goldenzweig (company pic)
Prisma Photonics, an Israeli startup that monitors large-scale infrastructure, such as power grids, raised $20 million in a Series C round of funding led by New York-based global private equity and venture capital firm Insight Partners. Scala Biodesign, another Israeli startup that offers an AI-enabled computational protein engineering platform, came out of stealth with a $5.5 million seed funding raise led by TLV Partners. And a third Israeli startup, Tamnoon, raised $5.1M in Seed funding led by cyber investors Merlin Ventures and Secret Chord Ventures.
Tamnoon has seen significant customer adoption since exiting stealth mode. The company’s customer base has grown 326% since Q1 2023, as it scales the introduction of its solution to enterprises across North America. Tamnoon says it serves customers across various industries, including insurance, entertainment, healthcare, retail, and professional services.
One of Tamnoon’s newest customers is Warner Music Group Corp., a multinational entertainment and record label conglomerate. Warner Music Group relies on Tamnoon to provide assisted cloud remediation services to its DevSecOps team.
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Tamnoon’s Assisted Cloud Remediation Service is a cloud-based solution that combines human expertise with machine learning to help organizations quickly and safely remediate cloud risks. The service is designed to be easy to use and scalable, making it a valuable tool for organizations of all sizes.
As for Scala Biodesign, the company explains that proteins are revolutionizing multiple industries, but developing and mass-producing custom proteins is a long, expensive, and uncertain process. Scala is changing that by making it possible to engineer and improve proteins immediately and in one shot.
Scala’s platform fuses physics-based modeling, AI, and biological data analysis to create a new way to design proteins. This approach eliminates the need for iterative trial-and-error testing, which can take years and cost millions of dollars.
As a result, Scala Biodesign says the firm enables companies to develop new medicines, green production processes, and foods radically faster and cheaper. This is opening up entirely new applications of biotechnology that weren’t possible using traditional methods.
Scala was founded by Dr. Ravit Netzer (CEO) and Dr. Adi Goldenzweig (CTO), who researched the challenges of protein engineering in Prof. Sarel Fleishman’s laboratory at the Weizmann Institute of Science. The team developed algorithms for protein design that became the state-of-the-art among academic protein engineers, with over 100 peer-reviewed papers based on the team’s technology.
“Researchers, students, and companies, everyone wanted to use our technology,” said Dr. Goldenzweig, CTO and co-founder of Scala. “We realized that there was a huge need. Quickly optimizing vaccine immunogens, enzymes, antibodies, and more, opens so many doors for advancing technology and the wellbeing of humanity and the environment.”
“The answers to some of the greatest challenges that modern society faces are out there in nature, but until now it was extremely difficult to apply these answers at global, industrial scales,” said Dr. Ravit Netzer, co-founder and CEO of Scala. “Scala makes the impossible easy, and will lead to the next wave of innovation in biotech.”
Finally Prisma Photonics, which was founded in 2017, boasts that it helps keep the most critical large-scale infrastructure up and running with its revolutionary utility monitoring solution. The company’s Hyper-Scan Fiber Sensing™ technology uses machine learning to detect and respond to safety and operational scenarios in real time, giving customers peace of mind and actionable insights.
Prisma Photonics’ pay-as-you-grow model, says the company, makes it easy for customers to get started and scale their monitoring as needed. The company’s solutions are used by a wide range of organizations, including utilities, transportation companies, and critical infrastructure operators.
“Grid congestion and the integration of renewable sources have become pressing challenges for power market operators such as our Tier-1 customers,” said Dr. Eran Inbar, CEO of Prisma Photonics. “Our AI-driven technology not only adds a layer of resilience to the grid but also enables dynamic line rating capabilities, unlocking the full potential of existing infrastructure.”
