NoTraffic Israel leadership team. From left: Tal Kreisler, Uriel Katz, Liora Katz-Hirshler, Or Sela, and Dvir Reznik (Credit: David Garb)
NoTraffic is an Israeli startup developing traffic congestion solutions. The company completed a $45 million Series B funding round led by M&G Investments with participation from VNV Global and UMC Capital. The firm offers a “real-time, plug-and-play autonomous traffic management” platform that uses AI. NoTraffic states that the platform is reinventing how cities run their transport networks.
This latest round of funding brings the total raised by NoTraffic to $75.7 million to date.
Founded in 2017 by CEO Tal Kreisler, Uriel Katz and Or Sela, NoTraffic boasts that their autonomous platform offers cities a novel solution to reducing traffic congestion and emissions, improving road safety, and reducing city spending. Partnerships with transportation departments in California, Arizona and more, says NoTraffic, have seen congestion cut by as much as 50%. This comes with the knock-on effect of reducing emissions, equal to the amount generated by tens of thousands of vehicles.
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Do you like getting stuck in traffic? Of course not! Do you realize how much gasoline is wasted and how much global warming gas is released just in the time that your car is moving at a crawl on a highway when there is heavy traffic? Probably not! So think for just a minute about what you could do with all of that time lost during your daily commute. Think about how much cleaner the air would be everywhere if there were no traffic jams.
The NoTraffic platform can retrofit any intersection around the world and transform it to be cloud-connected and fully autonomous in less than 2 hours. Using an innovative SaaS solution that runs on our proprietary hardware we provide support, updates, and upgrades – all over the air. The platform is delivered as a managed service with 24/7/365 monitoring and support.
“NoTraffic’s SaaS platform is designed to similarly create unique insights and functionalities that can flexibly be provided to stakeholders without changes to the infrastructure,” saidTal Kreisler. “This funding is another step in our mission to revolutionize the way traffic is being managed today and enables the next generation of advanced mobility services to help better adapt our infrastructure for the rise of autonomous vehicles.”
