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Partners in the fund are Or Ben Shoshan, Eli Ben Simon, Aviv Cohen and Boaz Or-Shraga. The investment in a single company is estimated at up to 40 million dollars.
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Telicomm helps municipalities connect their cities for smart applications by connecting cameras over limited cellular networks without the need for physical cables. This means that it can act as a solution for the growing demand in existing infrastructures that are burdened with limited bandwidths with wide-scale connectivity. The solution helps cities become more connected while saving on costs, set-up times, and easy mobilization.
Telicomm’s Shlomi Arbel. Photo: PR
“We are excited to have SIBF as our lead investor. Together we plan to accelerate our plans to introduce this unique solution to the international markets,” said Shlomi Arbel, Telicomm’s CEO. “Telicomm developed the only available solution for Smart City Camera projects in areas with no infrastructure. There is no practical limit to the number of cameras, the installation is quick and simple, and you can mobilize the solution quite easily.”