(The Times of Israel)
Israel-founded ridesharing firm Via Transportation Inc. said Wednesday it is acquiring US firm Remix, a developer of collaborative mapping software for transportation planning, for $100 million to boost its customer offering.
Remix was founded in 2014 in San Francisco as a grassroots, easy-to-use transit planning platform. The company secured investments from Sequoia, Y Combinator, and Energy Impact Partners to expand and provide collaborative technology for planning public transit and managing shared mobility.
Remix works with more than 350 local governments in 22 countries across five continents and is used to design hundreds of city transportation systems, touching the lives of more than 240 million people worldwide, Via said in a statement.