NoTraffic Analysis: $53M Raised
What is NoTraffic?
NoTraffic specializes in AI-driven traffic management solutions for urban environments. Their technology transforms traditional intersections into connected digital networks, enhancing efficiency and safety. This approach significantly improves traffic flow and reduces congestion, benefiting both agencies and constituents.
Employees
201-500
Founded
2017
Industry
AI/ML, Mobility Tech, Govtech
Latest Funding Round Size
Series B
Public Company Status
Private
Recent Venture Round Amount
$50,000,000
Product Features & Capabilities
- AI Mobility Platform with edge devices and smart sensors
- Intuitive cloud-based Mobility OS for intersection management
- Mobility Store offering various mobility applications
- 24/7 Operations Center for managed services
- AI detection technology for real-time traffic monitoring.
Use Cases
Optimize traffic flow at signalized intersections; Enhance safety for drivers and pedestrians; Reduce emissions and congestion in urban areas; Improve infrastructure utilization for city planners; Support first responders with real-time traffic data.
How much NoTraffic raised
Seed - $3.2 million
December 2018Lead Investor: Lool Ventures, Next Gear Ventures, North First Ventures, Tal Recanati, Uri Rubin
Series B - $50 million
June 2023Lead Investor: M&G Investments, VNV Global, UMC Capital
Other Considerations
Operates in 40 states across the U.S.; Notable projects in Tucson, Arizona, and British Columbia; Focus on transforming urban mobility through AI technology.
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