# EGM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/egm

- Industry: Software
- Headquarters: Rosh Haayin, Israel
- Website: www.egm.net
- Total disclosed funding: $18M
- Latest round: Series B (Oct 4, 2021)
- Investors on record: 2

## About

EGM Ltd. provides advanced electrical grid monitoring solutions, enhancing operational efficiency for utility companies using innovative sensors and AI analytics to address modern challenges in grid management.Founded in 2007 and headquartered in Rosh Haayin, Israel, EGM Ltd. specializes in grid monitoring technologies. The company raised USD 1.00 mn in funding on January 25, 2022, led by Israel Electric Corporation. EGM has executed 2 deals to date.EGM Ltd. specializes in advanced grid monitoring solutions for utility companies. Their offerings include the Meta-Alert® platform and Accurate Fault Location Detection (AFLD™) technology, designed to enhance operational efficiency and reduce fault restoration times. The products are aimed at utility providers in the United States and are also targeting international markets with aging infrastructure and high operational costs, particularly in wildfire-prone areas.EGM Ltd. generates revenue through subscription-based services and direct sales to utility operators. Their clients engage with the company for monitoring solutions that incorporate real-time data processing and predictive maintenance, enhancing grid performance and cost management. Products like the Meta-Alert® sensors and AFLD™ system are sold to improve operational metrics for utility providers.Following the USD 1.00 mn funding raised in January 2022, EGM Ltd. plans to develop innovative grid modernization products aimed at smart cities, with new offerings expected to launch in the near future. The company is focused on expanding into additional geographic markets, targeting regions with aging infrastructure, and utilizing recent funding to support these growth initiatives.

## Funding rounds

- Series B, Oct 4, 2021, $18M — Energy Growth Momentum, Israel Electric Corporation

## Investors

- Energy Growth Momentum (https://capitalatlas.ai/funds/energy-growth-momentum) — Series B
- Israel Electric Corporation — Series B