Tech Company Financing Transactions
NoTraffic Funding Round
NoTraffic closed a $50 million Series B funding round on 6/27/2023. Backers included M&G Investments, Alchimia Investments and Grove Ventures.
Transaction Overview
Company Name
Announced On
6/27/2023
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth, increasing production, R&D and sales into new global markets including Japan, Italy, Germany, and the UK.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
53 Igal Alon Street
Tel Aviv, 6706206
IL
Tel Aviv, 6706206
IL
Phone
Undisclosed
Website
Email Address
Overview
NoTraffic is the world's leading mobility platform. A TIME100 Most Influential Company for 2022, NoTraffic is on a mission to digitize the foundation of transportation, to improve safety and traffic efficiency while reducing CO2 emissions. Deploying the platform transforms any traffic signal into a smart infrastructure capable of understanding the complete traffic picture and responding in real time to all road users including detection and segmentation of bikes, cars, buses, pedestrians, and emergency vehicles.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tal Kreisler
Chief Financial Officer
Lior Zohar
Chief Technical Officer
Uriel Katz
Co-Founder
Or Sela
Browse more venture capital transactions:
Prev: 6/27/2023: Datapeople venture capital transaction
Next: 6/27/2023: Mythical Games venture capital transaction
Share this article
Where The Data Comes From
We document every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs