Mobility Infrastructure Startup NoTraffic Completes $50 Million Series B Funding

NoTraffic, a mobility infrastructure startup, has successfully completed a $50 million Series B funding. Led by M&G Investments, the new round allows NoTraffic to accelerate its growth momentum, increasing production, R&D and sales into new global markets including Japan, Italy,  Germany, and the UK.

NoTraffic offers an AI-powered platform paired with a software-defined SaaS platform, empowering US Departments of Transportation (DOTs), and other stakeholders, to manage traffic in real time.

The platform can classify all road users including – private vehicles, public transportation, emergency services, pedestrians and more – and respond accordingly to traffic conditions in real-time to reduce travel times and CO₂ emissions and improve safety. 

Its technology is currently deployed in numerous locations across North America, including in California, Texas, Pennsylvania, Colorado, and Georgia.

Tal Kreisler, Co-Founder and CEO of NoTraffic, says: "NoTraffic is poised to elevate traffic management beyond its legacy infrastructure boundaries. Much like mobile phones disrupted the fixed line of their business, it was Apple's AppStore that opened the door to a vast range of new applications, business models and revenue pools. 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. 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."

"NoTraffic is solving longstanding urban problems while simultaneously taking critical steps to prepare roads for an era of connected and autonomous vehicles," adds Carl Vine at M&G Investments.

NoTraffic was founded in 2017 by Tal Kreisler, Uriel Katz, and Or Sela, and is based in Tel Aviv, Israel, and Palo Alto, California.