Verizon Ventures has contributed to a $12m series A round that Optibus will use to further develop its transport optimisation technology.
Israel-based public transport optimiser Optibus has secured $12m in a series A round featuring Verizon Ventures, the corporate venturing arm of telecommunications company Verizon, Globes has reported.
Venture capital firm Pitango Venture Capital led the round, with capital also coming from angel investor Ronald Cohen. The company has secured $14.5m in funding to date, according to Globes.
Optibus has developed a cloud-based platform that helps public transport companies operate more efficiently by optimising scheduling, crew and vehicle assignments, and responses…
