NoTraffic raises $17.5 million for real-time traffic management platform
The Israeli startup’s autonomous platform identifies, categorizes, and tracks all road users - including passenger and non-passenger vehicles, bikes, e-scooters, buses, and pedestrians
Meir Orbach | 13:14 14.07.2021
Israeli startup NoTraffic, which has developed a real-time, plug-and-play autonomous traffic management platform, has raised $17.5 million in a Series A round led by Nielsen Ventures, a firm founded by former Uber and Dropbox executive and ex Balderton Capital GP, Lars Fjeldsoe-Nielsen and VEKTOR Partners, a VC firm focused on mobility disruption. Early-stage venture capital investment firm Grove Ventures, insurance leader Menora Mivtachim Group and Meitav Dash also participated, alongside existing investors, lool ventures, who led the company’s Seed round, Next Gear Ventures, and North First Ventures. The company’s real-time, plug-and-play autonomous traffic management platform identifies, categorizes, and tracks all road users - including passenger and non-passenger vehicles, bikes, e-scooters, buses, and pedestrians. The system combines all-weather sensors installed at intersections with a 24/7 network operation center (NOC) that augments the sensors’ information with integrated data collected from vehicles and infrastructure.