Swiftly raises $10 million Series A to power real-time transit data in your city –

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Summary

lt works by helping cities manage their transit systems and identify points in the schedule or route that negatively impact service efficiency and reliability. “It’s one thing to tell someone their bus is 10 minutes delayed, but if we can get to the root of the problem, it’s better for the city and stimulates the economy,” he said. In one city, these insights led the customer to implement processes to change lights to green when a bus is running behind schedule. Swiftly is meant to be behind-the-scenes software that enables local transportation agencies to better manage their fleets and offerings to their respective riders. One of Swiftly’s customers is the Santa Clara Valley Transportation Authority in San Jose, Calif. Its CIO, Gary Miskell, says Swiftly is one of the authority’s early innovation partners.

$ Funding

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Amount $22.8M Total raised
Date June 7, 2019 Announcement date
Investors 1776, Renewal Funds, Aster, Energy Excelerator Lead investors
Company http://goswift.ly Funded company

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