Carbyne Gains $15M in Financing
Tuesday, August 14, 2018 | Comments

Carbyne closed $15 million in series B financing. The round was led by Elsted Capital Partners and joined by strategic investor Founders Fund. The investment will be used to expand the company’s footprint in markets throughout the world while bolstering research and development (R&D) for the company’s next-generation 9-1-1 solutions.

Carbyne offers an end-to-end, digitized NG 9-1-1 product line.

“It is critically important that we fix our dilapidated emergency response systems around the world,” said Trae Stephens, partner at Founders Fund. “Carbyne’s technology will replace outdated infrastructure and provide powerful new capabilities to first responders.”

Carbyne recently expanded its client base in the United States, Latin America, Europe, the Middle East and Asia, a statement said.

“Founders Fund’s participation in this investment round is extremely significant,” said Carbyne Founder and CEO Amir Elichai. “Aside from the enormous pride we take in being their first investment in Israel, the value brought by such a fund, which helped build some of Silicon Valley’s legendary companies, is enormous. We are looking at a vast market with enormous potential, and we’re only just scratching the surface. We couldn’t ask for a better partner for our team, this is only the beginning of our transformation of the global emergency communication ecosystem.”

Would you like to comment on this story? Find our comments system below. 




 
 
Post a comment
Name: *
Email: *
Title: *
Comment: *
 

Comments

No Comments Submitted Yet

Be the first by using the form above to submit a comment!

Site Navigation

Close