Notraffic Raises $50M To Tackle Congestion And Enhance Road Safety

Jun 27, 2023•about 2 years ago

Amount Raised

$50 Million

Palo AltoTransportation

Description

AI-based traffic management platform NoTraffic has bagged $50 million in Series B funding as it picks up momentum in cities across the U.S. The capital injection comes as the Biden administration’s infrastructure bill enters its second year and a host of funding programs kick in to alleviate traffic congestion, tackle CO2 emissions and reduce road fatalities.

Company Information

Company

NoTraffic

Location

Palo Alto, California, United States

About

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. Deploying the platform transforms any traffic signal into a smart infrastructure capable of understanding the complete traffic picture and responding in real time to all road users including detection and segmentation of bikes, cars, buses, pedestrians, and emergency vehicles. Cities use the cloud dashboard to define policies such as transit priority corridors or bike & pedestrian safety. AI software intelligently implements these policies at each traffic signal, operating intersections in real-time to autonomously manage an entire city grid based on actual demand, customized service for every type of user to cut congestion, reduce emissions and prevent accidents. The platform natively integrates V2X tools to provide the infrastructure to manage current traffic and future mobility innovations. www.notraffic.tech

FundzWatch™ Score

Medium Activity

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