# ACiiST Smart Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aciist-smart-networks

- Industry: IT Infrastructure
- Headquarters: Herzliya, Israel
- Website: www.aciist.com
- Latest round: Seed (May 20, 2021)
- Investors on record: 2

## About

ACiiST Smart Networks Ltd. specializes in outdoor connectivity solutions, leveraging existing street and highway lighting systems to enhance communication for Smart Cities and Smart Roads while addressing urban connectivity challenges.Founded in Herzliya, Israel in 2016, ACiiST Smart Networks Ltd. focuses on providing advanced outdoor connectivity solutions using its unique technology. The company has completed 2 deals, with its most recent funding round occurring on May 20, 2021. Sagi Gurfinkel serves as both the CEO and Founder, leading the company in its innovative endeavors.ACiiST's core offering is the ACiiST Smart Edge Network, a modular outdoor connectivity platform that utilizes existing street or highway lighting infrastructure to connect various outdoor cameras and sensors. This innovative technology leverages a single fiber daisy chain managed by serverless, distributed software to enhance communication across urban areas. The solution is designed to address the challenges of Smart Cities and Smart Roads, providing high availability through multi-path redundancy and flexible connectivity options. Targeted end users include municipalities and urban planners looking to upgrade the functionality and efficiency of their metropolitan environments. ACiiST's products are marketed primarily in North America and Europe, where the demand for smart city solutions is growing rapidly.ACiiST's revenue model is built on partnerships and B2B transactions with municipal governments and urban infrastructure developers. The company generates income through the sale and installation of its Smart Edge Network solutions, complemented by ongoing service agreements for maintenance and support. These contracts include various pricing structures, potentially spanning from one-time installation fees to subscription-based models for software access and updates. ACiiST's flagship product, the Smart City Cyber Switch, forms the basis of its revenue-generating offerings, which focus on enhancing outdoor connectivity and security in urban settings. The company fosters long-term relationships with its clients, ensuring repeat business through the reliable performance of its technology solutions.Following the recent funding round in May 2021, ACiiST Smart Networks Ltd. plans to develop and launch new products that enhance urban connectivity. The company is targeting expansion into additional markets within North America and Europe, aiming for a broader presence by the end of 2023. The funds raised will be utilized to support product development and market entry strategies.

## Funding rounds

- Seed, May 20, 2021 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed