Optibus raises $107M in Series C funding

Indian Startups seems to have taken the lead in the most number of companies funded, with a total of 19 startups that have raised funding. Many of these are SaaS companies. 196 Million dollars was pushed to 16 of the 19 companies. Of these companies, Icertis raked in approximately $80 Million followed by Ecom Express at about $40 Million Dollars. Other companies that were funded include Quizizz, Riskcovry, Awfis and Nordwin to name but a few. The complete list of companies will be shared in our post on Linkedin. Of the 19 companies funded, 3 companies are yet to disclose the amounts.

Israeli company, Optibus picks up $107M for an AI-based planning and operations platform aimed at the mass transportation sector. Mass transportation is an essential part of how metropolitan areas are kept moving and connected. Optibus is a platform that helps to analyze how vehicles and people move in and around cities so as to provide scheduling, navigation and driver rostering towards mass transportation providers. The company has raised $107M as Series C funding and it looks to expand its solutions and services with the infusion of the funds. Though the valuation of the company has not been announced yet, it is estimated that Optibus is valued at nearly $500 Million dollars after this round of funding which boosts it by nearly 4 times its previous valuation and round from 2018.