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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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Bus-schedule planner Optibus raises $107 million to boost global reach

Tel Aviv-based startup uses AI, algorithms and cloud computing to perform deep analysis and number-crunching on anything that could affect public vehicle schedules ....

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A Unicorn gets its horn: Papaya Global raised $100M at $1B+ valuation

A Unicorn gets its horn: Papaya Global raised $100M at $1B+ valuation
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