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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...

(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 ...