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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 Aviv but has four U.S. offices, is pulling in the money just as it adds new functionality to its platf...

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 Insight Partners and Bessemer Venture Partners. The round also saw participation from Dynamic Loop, ...