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# AI-driven mass transit operations platform Optibus raises $100 million
- URL: https://www.techloy.com/ai-driven-mass-transit-operations-platform-optibus-raises-100-million/
- Published: 2022-05-16T22:22:16.000Z
- Updated: 2022-12-08T00:38:24.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Mobility, Israel, / Artificial Intelligence

[Optibus,](https://www.optibus.com/) an AI-driven mass transit operations startup based in Israel has raised $100 million in its Series D funding round and is now valued at $1.3 billion. 

- The funds will be used to expand the startup's services, products, and businesses, it claims.
- Optibus is a platform used for tracking and powering about 2.5 billion trips on buses, on-street trams, light rails, and subways worldwide annually.
- The platform last raised $107 million in its Series C round at a $500 million valuation.
- The latest funding round was backed by Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, and SOMV Momentum.