Locusview: "We take a process that used to take nine months and complete it in 24 hours"
"Locusview, which has received little exposure in Israel, is a small company with big numbers. If the vision of founder Shahar Levi is realized, the large numbers of the field in which it operates will make it a significant player in the hot markets of cleantech and smart cities. The company's platform, designed for the replacement, establishment, and management of energy infrastructures, managed 300,000 projects last year with a total value of $15 billion."
"Locusview received the most significant stamp of approval from American investment banks such as Bank of America. They used its system in the bond issuance process of a major energy company to estimate the project schedules, and accordingly the spread of the bond payments."
"Locusview did surge forward, reached sales of tens of millions of dollars quickly, and was profitable almost from its first day, but in order not to miss the bonanza of budgets in the energy market, Levi decided to raise money from venture capital funds for the first time. The company completed its first major funding round of $64 million in 2021 led by the IGP fund of Israeli high-tech veterans Haim Shani and Moshe Lichtman, and since then it has stopped being profitable in order to make the big business leap. The company has greatly expanded its workforce and today employs 200 people, half of them in Israel and half in the United States, and it is still hiring at a steady pace. Most of its contracts are for five years: the payment is based on the number of users of the system in each project."
