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The move does not apparently reflect a lack of cash in the company's coffers, but rather the cuts will allow RiseUp to achieve profitability.

Other notable investors include Nuveen, Credit Suisse Climate Innovation fund, the Sainsbury family and British businessman Sir Ronald Cohen through Dynamic Loop Capital.

The Israeli startup is building on the freelancer market expanding through its platform for hiring, managing, and paying non-salary workers

Optibus Raises $107M, Adds Equity Tools to Platform Can data help make transit more equitable? While pulling in a giant investment round, the startup Optibus is working on ways to put demographics and other data into the hands of local transportation officials. Shutterstock Optibus, a startup offering cloud-based routing, optimization and planning features for public transit, has raised a giant Series C investment round of $107 million. The company, which is headquartered in Tel Av...

Results for "" Optibus raises $107M to make mass transit smarter The Israeli startup uses AI to optimize mass transit control and has raised close to $160M to date... Oshry Alkeslasi / 11 Mar 2021 • 2 min read Optibus, an Israeli startup developing a cloud-based platform for planning and managing public transport, closed a $107 million Series C. The investment was led by ...

Israeli AI public transport co Optibus raises $107m The companys 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, D...

(1) 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 th...

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 vehic...

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

While becoming a unicorn seems to be par for the course for Israeli tech startups these days, workforce management company Papaya Global still manages to stand out. The company is the only Israeli unicorn to be led by a female entrepreneur, its co-founder and CEO Eynat Guez. The company announced on Thursday that it has raised $100 million in series C funding, taking the company’s valuation over the $1 billion threshold.  The new funding round was led by GreenOaks Capital Partners and joine...