Tuesday, October 31, 2017

Waycare Finds $2.3M For AI-Driven Transportation Software

Palo Alto- and Tel Aviv-based Waycare Technologies, a developer of artificial intelligence software aimed at optimizing traffic management systems, has raised $2.3M in a seed funding round. The funding came from Spider Capital and Innogy SE, along with Goldbell Investments, UpWest Labs, janom, Zymestic Solutions, and SeedInvest. Waycare said it us using artificial intelligene and data sources such as vehicles, weather, video cameras, and road sensors to help municipalities proactively manage their roads. Noam Maital is Waycare's CEO. More information »