Vivacity Labs Wins Queen s Enterprise Award for Innovation
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UK Scale-Up Receives Highest Recognition For Innovation In Improving Traffic Insights with Artificial Intelligence
London, UK; 29th April 2021: London-based AI scale-up Vivacity Labs has today been honoured with a Queen’s Award for Enterprise. The Vivacity Labs team was awarded the Innovation Award for its technology that supports government, regional bodies and local councils to re-think and optimise the way traffic and transport infrastructure is built and used.
The Queen s Award for Enterprise, now in its 55th year, is widely recognised as the highest official UK award for British businesses. The accolade is given to businesses and organisations who excel at innovation, international trade, sustainable development or promoting opportunity. Vivacity Labs was recognised with this year’s Innovation Award for its Artificial Intelligence technology which anonymously captures and classifies live transport usage, he
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Vivacity Labs’ AI traffic signal control is to be trialled at some of the busiest junctions in Cambridge to help cut congestion and improve air quality.
The 12-month trial will investigate how camera-based sensors and machine learning can be used to optimise traffic signals to improve traffic flow, reduce journey times and help tackle air pollution.
The Greater Cambridge Partnership-funded project forms a key part of a wider package of measures to be discussed by the GCP’s executive board later this month. The report sets out how the GCP can support a green recovery with key investments to clean up the bus fleet and improve the bus network, expand active travel routes, and develop a new parking strategy for the city.
London-based tech company Vivacity Labs has secured £5 million of Series A funding in a VC round led by investor Mobeus, with additional funding from existing investors Downing Ventures and London Co-Investment Fund.
Vivacity Labs works with government, regional bodies and local councils to rethink and optimise the way traffic and transport infrastructure is built and used. The technology provides anonymous data to deliver real-time insight into road networks and infrastructure.
The investment will support Vivacity Labs’ expansion of its AI-based traffic signal system, which reduces congestion and allows cities to prioritise sustainable modes of transport, such as cyclists and buses. The system will enable cities and transport authorities to efficiently adapt to different policy priorities, including reducing queuing, reducing emissions and improving air quality.