24 Oct 2024
FiberSense raises US$14m round led by Prosus Ventures to pioneer a new era of smart infrastructure
FiberSense, an AI-powered platform specializing in digital infrastructure and smart sensing technology has announced raising US$14m of additional funding led by Prosus Ventures. Existing investors including Colinton Capital and new investors Investible also participated in the round. FiberSense has developed an innovative technology platform that transforms existing fiber-optic networks into highly sensitive, real-time monitoring systems capable of delivering unprecedented data and insights. The company will utilize the new funds to accelerate its R&D efforts, expand its sales & marketing resource, and scale operations to meet the growing demand for smart infrastructure solutions.
“Partnering with a visionary investor like Prosus Ventures is a major step forward for our mission to be the world’s leading source of real-time and historical data on objects and events in public spaces,” said Mark Englund, CEO of FiberSense. Mark added, “We are focused on pushing the boundaries of what’s possible with fiber-optic sensing and bring the benefits of our technology to more communities worldwide. The new investment will help us to continue leading the industry with breakthrough advancements that can significantly reduce operational costs, enhance public safety, generate environmental benefits and improve service reliability. It will also grow our proprietary real-time and historical data set of all movement in cities, that will become increasing valuable as LLM / Gen AI model inputs.”
Speaking about the investment, Sachin Bhanot, Head of SEA & ANZ Investments, Prosus Ventures, said, “We are thrilled to support FiberSense in their mission to create intelligent infrastructure solutions that power the smart cities of tomorrow. We believe software and AI powered real-time data, intelligence and maintenance of critical infrastructure can fundamentally disrupt how cities are managed, providing protection of people, infrastructure and the environment. We look forward to partnering FiberSense on this exciting journey.”
Empowering Smarter Cities with FiberSense
FiberSense’s technology can detect a variety of events and conditions such as vibrations, temperature changes, and acoustic signals, translating them into actionable intelligence for urban planners, telecom providers, and infrastructure operators. This means enhanced capabilities in traffic management, early detection of structural issues in bridges and buildings, real-time monitoring of critical utility networks, and proactive maintenance of telecom infrastructure.
About FiberSense
FiberSense is a deep technology company with core competencies that sit at the intersection of integrated photonics, optical fiber telecoms, distributed sensing, machine learning and AI. FiberSense is a pioneer in the field of fiber-optic sensing technology as a service, dedicated to transforming how infrastructure is managed and maintained. By turning existing fiber networks into high-sensitivity monitoring platforms, FiberSense delivers real-time, actionable intelligence that helps create safer, more efficient, and resilient urban and ocean environments. To find out more please visit www.fibersense.com
About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.