FiberSense, a Sydney, Australia-based AI-powered platform specializing in digital infrastructure and smart sensing technology, raised US$14M in funding.
The round was led by Prosus Ventures. Existing investors including Colinton Capital and new investors Investible also participated.
The company intends to use the funds to accelerate its R&D efforts, expand its sales and marketing resource, and scale operations to meet the demand for smart infrastructure solutions.
Led by CEO Mark Englund, FiberSense is a technology company with core competencies that sit at the intersection of integrated photonics, optical fiber telecoms, distributed sensing, machine learning and AI. FiberSense specializes 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, the company delivers real-time, actionable intelligence that helps create safer, more efficient, and resilient urban and ocean environments.
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.
FinSMEs
25/10/2024