Fundz

Notraffic Raises $50M To Tackle Congestion And Enhance Road Safety

PRIVATEJun 27, 2023

Amount Raised

$50 Million

Round Type

Funding Round

Palo AltoTransportation

Description

AI-based traffic management platform NoTraffic has bagged $50 million in Series B funding as it picks up momentum in cities across the U.S. The capital injection comes as the Biden administration’s infrastructure bill enters its second year and a host of funding programs kick in to alleviate traffic congestion, tackle CO2 emissions and reduce road fatalities.

Quick answer

NoTraffic raised $50 Million in a Funding Round round, dated June 27, 2023. NoTraffic is based in Palo Alto, California, United States.

How much did NoTraffic raise?
NoTraffic raised $50 Million in a Funding Round round on June 27, 2023.
What does NoTraffic do?
NoTraffic is the world's leading mobility platform.
Where is NoTraffic based and how big is it?
NoTraffic is based in Palo Alto, California, United States.
Who are the decision-makers at NoTraffic?
Fundz holds 2 contacts at NoTraffic, including the Co-Founder & CSO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation around the same time

Companies in the same sectors as NoTraffic that raised within 45 days of this round, from Fundz verified event records.

  • Glydways raised $47M on August 11, 2023.
  • Cargo Stream raised $1.1M (Seed) on August 10, 2023.
  • Serve Robotics raised $30M (Funding Round) on August 10, 2023.
  • Shadowfax raised $60M (Funding Round) on August 2, 2023.
  • Duos Technologies raised $5M on August 2, 2023.
  • Impulse Space raised an undisclosed amount on August 1, 2023.

Who to call at NoTraffic, and when

A new round usually means NoTraffic is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day NoTraffic raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at NoTraffic, from your own LinkedIn network

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Company Information

Company

NoTraffic

Location

Palo Alto, California, United States

About

NoTraffic is the world's leading mobility platform. A TIME100 Most Influential Company for 2022, NoTraffic is on a mission to digitize the foundation of transportation, to improve safety and traffic efficiency while reducing CO2 emissions. Deploying the platform transforms any traffic signal into a smart infrastructure capable of understanding the complete traffic picture and responding in real time to all road users including detection and segmentation of bikes, cars, buses, pedestrians, and emergency vehicles. Cities use the cloud dashboard to define policies such as transit priority corridors or bike & pedestrian safety. AI software intelligently implements these policies at each traffic signal, operating intersections in real-time to autonomously manage an entire city grid based on actual demand, customized service for every type of user to cut congestion, reduce emissions and prevent accidents. The platform natively integrates V2X tools to provide the infrastructure to manage current traffic and future mobility innovations. www.notraffic.tech

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Related People

2 contacts
Verified contactsOr S., Co-Founder & CSO hiddenSee plans and pricing
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NoTraffic raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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