Optibus becomes the first public transportation unicorn with Series D closing
TEL AVIV, Israel, May 16, 2022 /PRNewswire/ --ย Optibus, the end-to-end software platform for public transportation planning and operations, announced today that it has closed $100 million in Series D funding, with investments from new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others. This latest round of financing brings Optibus' total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector.