Optibus Raises $100 Million To Optimize Public Transportation With ML
Transportation sector company Optibus has raised $100 million through a Series D funding round, raising the company's valuation to 1.3 billion, making it the first unicorn in the public transportation sector.
Created on May 16|Last edited on May 16
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As cities grow larger and more complex, public transport gets increasingly complicated. With static factors like stop locations and distances, and changing factors like traffic or weather, it can become unmanageable without the help of computers.
Optibus is a company with the goal to solve these issues, keeping their mind on the looming future of mega-cities. Using machine learning algorithms to process heaps of transportation network information, their tools help optimize cities across the world.

Who's funding Optibus and where's the money going?
Today Optibus announced the completion of a Series D funding round totalling $100 million. With this funding round, the valuation of the company comes to $1.3 billion, making Optibus the first unicorn dedicated to public transportation.
The $100 million in this funding round is thanks to Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others.
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