- Optibus, a Tel Aviv, Israel-based cloud-native AI platform for planning and operating mass transportation, raised $107m in Series C funding
- The round, which brought total funding to $160m since its founding in 2014, co-led by Bessemer Venture Partners and Insight Partners with participation from existing investors
- The company will also use the funding to continue expanding its global presence and enhance product capabilities
- Optibus leverages a combination of artificial intelligence, advanced optimization algorithms and distributed cloud computing to make public transportation smarter
- The company currently powers complex transit operations in over 450 cities around the world, planning and scheduling the movement of vehicles and drivers
- Optibus is launching the Geospatial Suite, which improves transportation networks and transit equity through the use of data-driven planning
