NoTraffic Raises $50M in Series B Funding to Tackle Congestion and Enhance Road Safety
Leading Israeli venture capital fund Grove Ventures, along with other investors, participated in a $50 million Series B funding round for NoTraffic, an AI-based traffic management platform. NoTraffic aims to modernize traffic lights and transform intersections into smart intersections using a combination of hardware and software. Their solution collects real-time data from smart sensors and connected vehicles to manage traffic flow and improve road safety. With this funding, NoTraffic plans to expand its offerings beyond intersection management and into a more comprehensive solution that enhances traffic flow and road safety across cities. They also intend to enter new markets such as Japan, Italy, Germany, and the U.K.
>> Click here to read the full article originally published in TechCrunch: NoTraffic raises $50M to tackle congestion and enhance road safety