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Israel’s Optibus raises 7 mln in private funding round, Auto News, ET Auto

Israel’s Optibus raises $107 mln in private funding round, Auto News, ET Auto

by admin
March 10, 2021
in Technology
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The company said it was launching an update to improve transportation networks significantly through the use of data-driven planning.
The corporate stated it was launching an replace to enhance transportation networks considerably by means of using data-driven planning.

JERUSALEM: Israeli startup Optibus, which supplies good transportation administration methods based mostly on synthetic intelligence (AI), stated on Wednesday it raised $107 million in a non-public funding spherical co-led by Bessemer Enterprise Companions and Perception Companions.

Optibus stated it should use the cash to proceed increasing its international presence and improve product capabilities that embody optimisation and AI algorithms that enhance mass transit for passengers. The funding may also go towards accelerating the deployment of zero-emission automobiles.

The corporate stated it was launching an replace to enhance transportation networks considerably by means of using data-driven planning.

Verizon Ventures, Pitango, New Period Capital Companions, Dynamic Loop and Blue Pink Companions additionally participated within the funding spherical, which introduced the full funds raised since Optibus’s founding in 2014 to $160 million.

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Tags: AutofundingIsraelsmlnNewsOptibusprivateraises

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