The masschallenge team rings the gong, with Jerusalem Mayor Nir Barkat..
(photo credit: Courtesy)
At the opening of equity crowdfunding platform OurCrowd’s second annual investors’ summit in Jerusalem last week, CEO Jon Medved told the 3,000 assembled attendees that military software maker mPrest Systems had just raised $20 million. This is the largest investment ever via crowdfunding and a significant Series A round for mPrest, which built the “command and control” component to Israel’s Iron Dome system.The firm will use the new round to bring its software into the burgeoning Internet of Things arena – to control not just missile systems but everything from the electrical utility grid to home appliances.
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