Optibus becomes the first public transportation unicorn with $100 million Series D at $1.3 billion valuation | CTech

Optibus, which has developed an end-to-end software platform for public transportation planning and operations, announced on Monday that it has closed $100 million in Series D funding at a $1.3 billion valuation. This latest round of financing brings Optibus’ total funding to $260 million and makes it the first unicorn which is dedicated to the public transportation sector. According to CEO and co-founder Amos Haggiag, Optibus now has $200 million in cash reserves which it will, among other things, use to acquire companies. “This round, which will enter the company’s account in its entirety, will provide us with a significant runway and will also allow us to make acquisitions beyond the one deal we have already announced. We are currently in the midst of several negotiations.” Optibus closes the round as it launches Ridership Insights and will use the funding to advance its vision of a holistic software platform for all public transportation planning and operations needs, expand into new product and service offerings including real-time operations and electric vehicle management, and strengthen its global presence in existing and new markets.