NoTraffic Raises $50M to Enhance Road Safety and Mitigate Congestion

Venture Capital

NoTraffic, the Tel Aviv-based AI traffic management platform, has raised $50 million in a Series B funding round. The startup aims to modernize traffic lights by transforming intersections into smart nodes that manage traffic flows based on real-time data. Their combined hardware-software solution aligns with the Biden administration’s ongoing infrastructure bill to combat traffic congestion, reduce CO2 emissions, and lower road fatalities.

“NoTraffic is set to elevate traffic management beyond traditional infrastructure constraints,” said Tal Kreisler, co-founder and CEO of NoTraffic. The company’s technology can not only streamline traffic flow but also help prevent road accidents by detecting potential risks and alerting connected vehicles to avoid collisions.

Since its Series A in July 2021, NoTraffic has grown significantly, now operating in 13 U.S. states. The new funding will enable NoTraffic to expand into markets including Japan, Italy, Germany, and the U.K., aiming to double its geographic footprint in 2023. The round was led by M&G Investments, with participation from VNV Global and UMC Capital, among others.

More here: https://techcrunch.com/2023/06/27/notraffic-raises-50m-to-tackle-congestion-and-enhance-road-safety/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADwtXt2ro4vsJsbD5kCG1DYwggs7iQGgfkTwZ-55dw3AAVeNCjZ6ORzc7OWjvztnYaZVjnkShqGPCDiXfyXBzQfI2804YkHJ7wW4Ti2nZk3oxBBAXJq1FS722-umzY774D1c0IP1njfdoJ-FS0FfubhjhmuWByYbDUwh9IlmjK8V

About NoTraffic

NoTraffic is the world’s leading mobility platform. A TIME100 Most Influential Company for 2022, NoTraffic is on a mission to digitize the foundation of transportation, to improve safety and traffic efficiency while reducing CO2 emissions.

Notraffic website: www.notraffic.tech

Share This Post

More News & Views

Seeding & Innovation

Futora Celebrates Success at SRP Europe 2024 with ‘Best Multi-Issuer Platform’ Award

Futora, a prominent figure in the industry, recently marked an unforgettable night at SRP Europe 2024. The event was brimming with emotions, laughter, and proud faces as Futora received the prestigious ‘Best Multi-Issuer Platform’ award. This recognition from SRP signifies Futora’s excellence and innovation in the field.

Seeding & Innovation

NoTraffic Receives Certification from Florida Department of Transportation (FDoT)

NoTraffic, a trailblazer in mobility platforms, has secured approval from the Florida Department of Transportation (FDoT) to operate within the southeastern US state. This certification marks a significant milestone for NoTraffic, enabling the deployment of its cutting-edge traffic management solutions across various agencies in Florida. The initiative aims to enhance traffic efficiency, safety, and pave the way for connected vehicles.

Seeding & Innovation

Cervello Wins “Most Innovative Security Company of the Year” – Globee Awards

Cervello, the global leader in rail cybersecurity, proudly announces its recognition in the ‘Most Innovative Security Company of the Year’ category at the 20th Annual 2024 Globee Cybersecurity Awards. This achievement underscores Cervello’s unwavering dedication to innovation, efficiency, and effectiveness in the rail cybersecurity domain.