Israeli tech company NoTraffic has successfully raised $50 million in a Series B funding round to support its innovative smart intersection platform. By leveraging artificial intelligence (AI) and real-time data analysis, NoTraffic aims to optimize traffic flow and improve road safety. The funding round was led by M&G Investments, with participation from VNV Global, UMC Capital, and existing investors. NoTraffic plans to expand its platform to new cities and introduce additional features, including real-time traffic signal optimization and predictive traffic modeling.
Transforming Traffic Management with AI: NoTraffic, founded in 2017 by Tal Kreisler, Uriel Katz, and Or Sela, offers a Software-as-a-Service (SaaS) platform that combines hardware and software to collect data from traffic sensors, cameras, and devices. This data is then used to create a real-time model of traffic flow. By leveraging AI, the platform optimizes traffic light timings, effectively reducing congestion and enhancing overall traffic safety. NoTraffic’s platform provides full control and optimization capabilities to traffic authorities and infrastructure operators, allowing them to minimize congestion, collisions, and carbon emissions.
Expanding Partnerships and Deployments: NoTraffic’s platform has already been deployed in several cities globally, including Dublin, Ohio; Tel Aviv, Israel; and Rogers, Canada. The company has established partnerships with prominent entities like Denso and Autotalks. By redefining traffic intersection management, NoTraffic aims to reduce congestion, improve traffic safety, and create more livable cities. The platform’s potential extends beyond existing infrastructure, offering unique insights and functionalities through its SaaS model without requiring extensive modifications to the infrastructure.
Empowering Next-Generation Mobility: NoTraffic’s vision is to revolutionize the current approach to traffic management and adapt infrastructure for the rise of autonomous vehicles. The company swiftly transforms signalized crossroads into a cloud-connected and dynamic network, capable of interpreting the entire traffic landscape and responding promptly to all road users. Through data fusion from its intelligent edge sensors, connected and autonomous vehicles (V2X), and other sources, NoTraffic’s system enables real-time control of traffic flows. The company’s cutting-edge technology solution addresses longstanding urban challenges and prepares roads for the era of connected and autonomous vehicles.
Positive Investor Outlook: The funding secured by NoTraffic reflects the company’s value proposition and robust business model. Investors, including M&G Investments, recognize the company’s clear vision for the future and its potential to capture a significant share of the traffic management sector. By making urban environments cleaner, safer, and more efficient, NoTraffic aims to deliver substantial benefits to communities and pave the way for a smarter transportation ecosystem.
NoTraffic’s successful funding round marks a significant milestone in its mission to transform traffic management and enhance road safety. With its AI-powered smart intersection platform, NoTraffic is poised to optimize traffic flow, reduce congestion, and prepare for the future of connected and autonomous vehicles. By expanding its deployments, establishing partnerships, and introducing new features, NoTraffic is committed to revolutionizing the way traffic is managed, creating more efficient and livable cities for everyone.