Traffic management platform NoTraffic raises $17.5M in Series A
NoTraffic, an Israeli startup that offers an AI-based traffic management platform, has raised $17.5 million in a Series A funding round. The company plans to use the funds to support its expansion into several US cities and enter European and Asian markets. NoTraffic aims to revolutionize traffic management by retrofitting intersections with AI-based sensors that combine computer vision and radar, allowing traffic lights to make real-time decisions. The company’s system has already been implemented in cities in Arizona, Ohio, and California, with claims of reduced wait times, emissions, and congestion. The funding round was led by Nielsen Ventures, with participation from other investors including Grove Ventures, a leading Israeli VC firm, and Menora Mivtachim Group.
>> Click here to read the full article originally published in TechCrunch: Traffic management platform NoTraffic raises $17.5M in Series A to double team size