OurCrowd Points to Success of Iron Dome Responding to Iranian Attacks, Aided by Portfolio Company mPrest

OurCrowd, a global online investment platform, commented on the success of the Iron Dome following the unprecedented attack by Iran, which launched hundreds of missiles and drones on Israel.

The weekend attack by Iran was in response to claims that Israel bombed its consulate in Damascus, Syria. The bombing allegedly killed seven of its military advisers, including three senior commanders. Israel has not publicly acknowledged its attack.

In his weekly email, OurCrowd founder and CEO Jon Medved pointed to portfolio company mPrest – a firm that provides software for the Iron Dome. Medved stated:

“Israeli air defenses faced its biggest test yet against hundreds of drones, as well as cruise and ballistic missiles fired from Iran on Saturday night into Sunday morning. The systems intercepted and destroyed 99 percent of the enemy’s weaponry… [The Iron Dome] uses radar to detect incoming threats and high-performance command-and-control software created by OurCrowd portfolio company mPrest, to determine if they need to be intercepted based on their trajectory. It then launches interceptor missiles designed to detonate the incoming projectile while still in the air. OurCrowd stands proud with the Israeli Defense Forces as they continue to keep the people of Israel safe from potentially devastating attacks. “

mPrest’s software utilizes AI and “organizes millions of sensors, devices, machines, sub-systems, information technology, and operational technology applications providing organizations with end-to-end visibility, control, and optimization over complex and distributed processes.”

The company is in use in multiple countries – including in New York for the New York Power Authority.

mPrest has been listed on OurCrowd twice, raising over $15 million in funding rounds. The first funding round took place in 2015, and a small round occurred at the end of 2023. The offers on OurCrowd are available to smaller (Accredited) investors.

 


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