Geospatial Suite News Today

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...

(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...