Egypt's Pylon Raise $19 Million Seed Funding
Apr 20, 2022 ·
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Description
An Egyptian infrastructure management platform for water and electricity companies, Pylon, has raised $19 million in seed funding. CEO Ahmed Ashour says the company creates solutions for water and electricity...
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An Egyptian infrastructure management platform for water and electricity companies, Pylon, has raised $19 million in seed funding.
CEO Ahmed Ashour says the company creates solutions for water and electricity distribution companies in order to increase efficiency and stop the bleeding.
CTO, Omar Radi co-founder says some companies have a very high rate of uncollected bills and thus lose out on a lot of money.
He accused them of high electricity costs, water theft and network due to a lack of maintenance or law enforcement.
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CEO Ahmed Ashour says the company creates solutions for water and electricity distribution companies in order to increase efficiency and stop the bleeding.
CTO, Omar Radi co-founder says some companies have a very high rate of uncollected bills and thus lose out on a lot of money.
He accused them of high electricity costs, water theft and network due to a lack of maintenance or law enforcement.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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