Optibus becomes the first public transportation unicorn with Series D closing
TEL AVIV, Israel, May 16, 2022 /PRNewswire/ -- 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.
- 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.
- "Optibus combines innovation and public transportation expertise like no one else in the industry.
- "Optibus is proud to be the first unicorn dedicated to public transportation, which is at the core of a healthy and equitable society.
- Transportation agencies and operators in 1,000 cities worldwide trust Optibus to increase efficiency and service quality, promote transportation equity, reduce emissions and costs, and modernize their operations.