Verizon Ventures has returned to back the transport management technology developer in a series C round reportedly valuing it at up to $500m.
Israel-based transport management technology developer Optibus secured $107m on Wednesday in a series C round that included Verizon Ventures, the corporate venturing arm of telecommunications firm Verizon.
Bessemer Venture Partners and Insight Partners co-led the round, which included Pitango Venture Capital, New Era Capital Partners, Dynamic Loop and Blue Red Partners. Sources close to the deal told TechCrunch it valued the company at $400m to $500m.
Founded in 2014, Optibus operates an artificial intelligence-equipped software platform that supports the management…
