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Israeli AI public transport co Optibus raises $107m The company's 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, Dynamic Loop and Blue Red Partners. This latest round, brings to $160 million the amount raised by O...

(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...

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 vehicles and people move around in cities and then provides navigation, scheduling, driver rostering and ...

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 joined by IVP and Alkeon Capital, with participation from existing investors Insight Venture Partners, Sc...