NoTraffic, a Tel Aviv, Israel-based autonomous traffic management platform, has raised $17.5 million in Series A funding, led by Nielsen Ventures and VEKTOR Partners.
Grove Ventures, Menora Mivtachim Group, Meitav Dash, and existing investors, lool ventures, Next Gear Ventures, and North First Ventures also participated in the round.
The new funding will support our global expansion, as we scale to new markets in North America, Europe, and Asia. In addition, we’re already doubling down on talent, recruiting for multiple positions in Israel and the US
Company: NoTraffic Ltd.
Raised: $17.5M
Round: Series A
Funding Month: July 2021
Lead Investors: Nielsen Ventures and VEKTOR Partners
Additional Investors: Grove Ventures, Menora Mivtachim Group and Meitav Dash, lool ventures, Next Gear Ventures, and North First Ventures.
Company Website: https://notraffic.tech/
Software Category: Autonomous traffic management platform>AI
About the Company: NoTraffic develops a technology that brings traffic light interchanges to the 21st century. The company’s real-time, plug-and-play autonomous traffic management platform uses AI to reinvent how cities run their transport networks, by identifying, categorizing, and tracking all road users – including passenger and non-passenger vehicles, bikes, e-scooters, buses, and pedestrians. The system combines all-weather sensors installed at intersections with a 24/7 network operation center (NOC) that augments the sensors’ information with integrated data collected from vehicles and infrastructure.
Source: https://notraffic.tech/announcing-our-round-a-funding-tal-kreisler/