Optibus, a Tel Aviv, Israel-based end-to-end software platform for public transportation planning and operations, announced that it closed $100 million in Series D funding.
From new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others.
This latest round of financing brings Optibus’ total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector.
Optibus closes the round as it launches Ridership Insights and will use the funding to advance its vision of a holistic software platform for all public transportation planning and operation needs, expand into new product and service offerings including real-time operations and electric vehicle management, and strengthen its global presence in existing and new markets.
Company: Optibus Ltd.
Round: Series D
Funding Month: May 2022
Lead Investors: Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, and SOMV Momentum
Company Website: https://www.optibus.com/
Software Category: Transportation Management Software
About the Company: Optibus is a SaaS company founded in 2014, Optibus is an end-to-end, cloud-native solution for transportation planning, scheduling, rostering, and operations, powered by artificial intelligence (AI) and optimization algorithms. Optibus leverages a robust combination of artificial intelligence, advanced optimization algorithms, and distributed cloud computing to make public transportation smarter, better, and more efficient – and ultimately nourish freedom of movement and sustainable cities. Optibus has been recognized by the World Economic Forum as a Technology Pioneer and by Gartner as a Cool Vendor. Headquartered in Tel Aviv and has offices in New York, Chicago, Seattle, San Francisco, London, and São Paulo.