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Optibus Raises $107M, Adds Equity Tools to Platform

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.
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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

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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
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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. ....

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Israeli AI public transport co Optibus raises $107m

Israeli AI public transport co Optibus raises $107m
The company s optimization and AI algorithms improve mass transit for passengers while also increasing operational efficiency.
Israeli AI platform developer for public transport and bus schedules Optibus, announced today that it has raised $107 million in a Series C financing round, co-led by Bessemer Venture Partners and Insight Partners with participation from existing investors including Verizon Ventures, Pitango, New Era Capital Partners, Dynamic Loop and Blue Red Partners. This latest round, brings to $160 million the amount raised by Optibus.
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The funding comes as Optibus launches its geospatial suite, which makes transport networks more passenger-friendly by visualizing crucial geographic information while planning routes - such as bike paths that riders may use on the way to or from public transit, or the shopping districts, schools, health clinics or job centers where passengers may want t ....

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Optibus Raises $107 Million and Launches Geospatial Suite to Help Cities Shape the Future of Urban Mobility

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TEL AVIV, Israel, March 10, 2021 /PRNewswire/ Optibus, the cloud-native AI platform for planning and operating mass transportation, announced today that it has raised $107 million in a Series C round, co-led by Bessemer Venture Partners and Insight Partners. The funding comes as Optibus is launching one of its most significant updates: the Geospatial Suite, which significantly improves transportation networks and transit equity through the use of data-driven planning.
Optibus will use the funding to continue expanding its global presence and enhance product capabilities such as optimization and artificial intelligence algorithms that improve mass transit for passengers while also increasing operational efficiency. The funding will also go toward accelerating the deployment of zero-emission vehicles - replacing mass transit fleets based on fossil fuels and lowering emissions worldwide, just as the U.S. rejoins the Paris Agreement and the mitigation of climate change o ....

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Optibus picks up $107M for an AI-based planning and operations platform aimed at mass transportation – TechCrunch

Optibus picks up $107M for an AI-based planning and operations platform aimed at mass transportation
Mass transportation is a critical part of how metropolitan areas keep moving, and today a startup that has built an AI-based platform to help mass transportation work more efficiently is announcing a huge round of funding to grow its business and tackle a new set of opportunities and challenges in the modern city.
Optibus a Tel Aviv-based startup that provides a platform to analyze how vehicles and people move around in cities and then provides navigation, scheduling, driver rostering and other guidance for mass transportation providers to service those cities better has picked up $107 million, a Series C that it will be using to continue expanding the kinds of services that it provides to customers. ....

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