Photonic time-stretch (PTS) technology enables revolutionary technical breakthroughs in ultrafast electronic and optical systems. By means of employing large chromatic dispersion to map the spectrum of an ultrashort optical pulse into a stretched time-domain waveform (namely, using the dispersive Fourier transformation), PTS overcomes the fundamental speed limitations of conventional techniques. The chromatic dispersion utilized in PTS can be implemented using multiple optical prism arrays, which have the particular advantages of low loss in the extended spectrum outside of the specific telecommunication band, flexibility, and cost-effectiveness. In this article, we propose and demonstrate the PTS technology established for a pair of prisms, which works as a data acquisition approach in ultrafast digitizing, imaging, and measurement regimes.