Optibus Closes USD100M Series D Funding

Optibus, Tel Aviv, Israel-based end-to-end software platform for public transportation planning and operations, raised $100m in Series D funding.

BackersIncluded Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and many others. ThisLatest round of financing Optibus’ total funding to $260m and its valuation to $1.3 billion.

TheThe company plans to use the funds for new product and service offerings, including real-time operations and electric car management, as well as to strengthen its global presence in new and existing markets.

LedBy CEO and co-founder Amos Haggiag, OptibusIt is a cloud-native, end-to-end solution for transportation planning, scheduling and rostering. It is powered by artificial intelligence (AI), and optimization algorithms. TransportationIt is used by agencies and operators in over 1,000 cities around the world to improve efficiency and service quality, promote transport equity, reduce emissions, and modernize their operations.

WithThe launch Ridership Insights, OptibusThis allows planners to visualize and analyze ridership data directly on a map during network planning phase. Planners have a deeper understanding of how the city moves. PlannersYou can view your ridership KPIs at a route, segment, stop or stop level. This includes boarding and landing data for each stop. You can also filter by time or date range. This data enhances insight into how the network is performing, resulting in better routes that meet passengers’ needs.

FinSMEs

16/05/2022

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