About
Bright Innovations develops information and communication technologies designed to support the smart city vision of a smart and shared environment for people, vehicles, and devices inhabiting the urban environment. The company achieves its goal primarily through its Coral Reef solution, an open smart city platform divided into three parts. The first part entails the Coral Reef engine units (or nodes), which are embedded into or attached to street lights and have advanced communications and processing capabilities. The second part of the system is the Bright Innovations app store, a cloud-based data center where third-party applications can utilize onboard hardware to provide smart cities with a multitude of applications and solutions. Collection and analysis in cloud-based data repositories enables big data and artificial intelligence (AI) capabilities. The third part of the Bright Innovations platform is a gateway for application developers and users that provides advanced control and monitoring features.
Funding history · 3 rounds · $2.2M total
Company Intelligence Q&A
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- What is Bright LED's primary business focus?
- Bright LED develops information and communication technologies to support smart city initiatives, focusing on creating a smart and shared environment for people, vehicles, and devices.
- What is Bright LED's core product?
- Bright LED's core product is the Coral Reef solution, an open smart city platform. It consists of engine units embedded in street lights, a cloud-based app store for third-party applications, and a gateway for developers and users.
- When was Bright LED founded?
- Bright LED was founded in January 2009.
- What was Bright LED's total funding amount?
- Bright LED raised a total of $2,200,000 across its funding rounds. For a full financing history, users can refer to startupim.
- Which investors participated in Bright LED's seed rounds?
- Bright LED received seed funding from hiCenter Ventures in February 2009 and IEC in November 2011.
- When did Bright LED receive its last known funding round?
- Bright LED received an undisclosed funding round of $1,200,000 in February 2018, with Mayfair 101 as an investor.
- What is the current status of Bright LED?
- Bright LED was acquired by Galileo Tech in February 2021 and is currently inactive.
- How many employees does Bright LED have?
- Bright LED has an employee count ranging from 11 to 50, with an exact count of 14 employees.
- Where are Bright LED's offices located?
- Bright LED has its headquarters in Haifa, Israel, with additional offices in New York, USA; Changzhou Shi, China; and Melbourne, Australia.
- What are Bright LED's primary geographic markets?
- Bright LED operates in the geographic markets of Singapore, Israel, Europe, and East Asia.