Optibus Raises $107 Million and Launches Geospatial Suite to Help Cities Shape the Future of Urban Mobility
(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 the funding to continue expanding its global presence and enhance product capabilities such as optimiz...