Israeli Public Transport Company Optibus Raises $12M

November 7, 2017 | Tel Aviv-based public transportation optimization company Optibus raised $12 million in a funding round led by Pitango Venture Capital, with participation from Verizon Ventures and Sir Ronald Cohen. To date, the Israeli company has raised $14.5 million including this round. Globes reports that the funds will be used to develop the company’s operating system designed to power smart cities and accelerate world growth. CEO Amos Haggiag says Optibus offers a platform for municipalities and transit operators to move from a static schedule to dynamic real-time operation. Optibus currently provides services to 200 cities on five continents including Los Angeles and Washington D.C. It was founded in 2014 by CEO Amos Haggiag and CTO Eitan Yanovsky.