# Pylon

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

- Industry: Software
- Headquarters: Egypt
- Website: www.pylonump.com
- Total disclosed funding: $19M
- Latest round: Seed (Apr 12, 2022)
- Investors on record: 5

## About

Based in Giza, Egypt, and founded in 2017 by CEO Ahmed Ashour and CTO Omar Radi, Pylon Utilities, d.b.a. Pylon is a utility management company that provides an infrastructure management platform to the conventional electricity and water companies. In April 2022, Pylon raised USD 19 million in seed funding led by Endure Capital, with participation from Khwarizmi Ventures, Cathexis Investment Management, LoftyInc Capital Management, and individual investors.

Pylon provides a utility management platform that allows utility companies to streamline their revenue collection process, postpaid and prepaid options, transparency and control for improved collection rates, convenient payment facilitation, detect electricity theft and meter tampering, optimize the grid assets, flag technical losses, and more. The platform also provides AI (artificial intelligence)-powered real-time load management insights, such as energy demand forecasting, peak hours load management, time-series predictive analytics, integrating microgrids, and distribution grid load monitoring. In addition, the company provides a mobile application as well as a web portal to enable customers to track their consumption, and ease of payment. 

The company generates revenue from subscription-based access to its software (including utility-management platform, operation, maintenance, and support) and hardware (metering and communication equipment), which includes standard and smart meter as a service.  

Pylon plans to use its proceeds from April 2022 funding for geographical expansion (South-East Asia, Latin America, and Africa), product development, and advanced engineering.

## Funding rounds

- Seed, Apr 12, 2022, $19M — Endure Capital, LoftyInc Capital Management, Cathexis Investment Management, Khwarizmi Ventures
- Seed, Sep 1, 2021 — Y Combinator
- Seed, Jun 10, 2021 — LoftyInc Capital Management

## Investors

- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Endure Capital (https://capitalatlas.ai/funds/endure-capital) — Seed
- Cathexis Investment Management (https://capitalatlas.ai/funds/cathexis-investment-management) — Seed
- Khwarizmi Ventures (https://capitalatlas.ai/funds/khwarizmi-ventures) — Seed