logo
logo

Public Transit Big Data Provider Swiftly Receives Strategic Growth Investment from JMI Equity to Expand Ability to Make Cities Move Efficiently

Dec 09, 2020•almost 5 years ago
San FranciscoSoftware

Description

Swiftly, the leading big data platform for public transit, today announced that it has received a strategic investment from JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies, with participation from Shakti Ventures. JMI and Shakti join an existing group of investors, including Renewal Funds, Via ID, Aster Capital, and Wind Capital, to help Swiftly accelerate the development of its industry-leading big data platform to support hundreds of transit agencies and operators around the world. With the added resources from JMI, Swiftly plans to double headcount and expand its customer-facing teams to serve more public transit agencies and operators globally.

Company Information

Company

Swiftly

Location

San Francisco, California, United States

About

Swiftly is the leading transit data platform for agencies to share real-time passenger information, manage day-to-day operations, and improve service performance. Today, over 160 transit agencies in 10 countries—including LA Metro, MARTA, SEPTA, and MBTA—rely on Swiftly to improve on-time performance by up to 40%, increase passenger information accuracy by up to 50%, and analyze transit data 90% faster. The result is better service reliability, increased ridership, and more efficient transit operations.

Related People