Bus-schedule planner Optibus raises $107 million to boost global reach

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(The Times of Israel)

Tel Aviv-based startup uses AI, algorithms and cloud computing to perform deep analysis and number-crunching on anything that could affect public vehicle schedules

Optibus, a maker of a schedule-optimizing software for bus fleets and public transportation operators, said Wednesday it has raised $107 million in a Series C round, co-led by venture capital funds Bessemer Venture Partners and Insight Partners.

Optibus will use the funding to continue to expand its global presence and boost its product capabilities such as optimization and artificial intelligence algorithms that improve mass transit for passengers while increasing operational efficiency, the Tel Aviv-based startup said in a statement.

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