Other notable investors include Nuveen, Credit Suisse Climate Innovation fund, the Sainsbury family and British businessman Sir Ronald Cohen through Dynamic Loop Capital.
Optibus Raises $107M, Adds Equity Tools to Platform
Can data help make transit more equitable? While pulling in a giant investment round, the startup Optibus is working on ways to put demographics and other data into the hands of local transportation officials. Shutterstock
Optibus, a startup offering cloud-based routing, optimization and planning features for public transit, has raised a giant Series C investment round of $107 million.
The company, which is headquartered in Tel Aviv but has four U.S. offices, is pulling in the money just as it adds new functionality to its platform aimed at equity and neighborhood context. The Geospatial Suite gives users more information about how changes to routes would affect different areas, including demographic information. It also shows the ways that transit connects with the nearby community bike paths a cyclist would take to a bus stop, a school that a rider might be headed to, etc.
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Optibus raises $107M to make mass transit smarter
The Israeli startup uses AI to optimize mass transit control and has raised close to $160M to date. Oshry Alkeslasi / 11 Mar 2021 • 2 min read
Optibus, an Israeli startup developing a cloud-based platform for planning and managing public transport, closed a $107 million Series C. The investment was led by Insight Partners and Bessemer Venture Partners. The round also saw participation from Dynamic Loop, New Era Capital Partners, Pitango, Verizon Ventures, and Blue Red Partners. The round comes on the heels of a brand new partnership with the UK s biggest bus and stagecoach operator.