Optibus Raises $107M in Series C Funding
Summary
The company 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, accelerating the deployment of zero-emission vehicles. Founded in 2014 by CEO Amos Haggiag, Optibus leverages a combination of artificial intelligence, advanced optimization algorithms and distributed cloud computing to make public transportation smarter. With the new Geospatial Suite, cities can make transportation networks more passenger-friendly by visualizing crucial geographic information while planning routes – such as the 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 to go. Customers include U.S. agencies LADOT (Los Angeles), NICE (Nassau County, New York) and AVTA (Antelope Valley, California), and two of the largest bus operators in the UK, First Group and Stagecoach. Optibus has offices in Tel Aviv, New York, Chicago, Seattle, San Francisco, London and São Paulo.
Funding
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