WayCare

2016

12

$10.6M

3

10

3.9 years

Waycare is shaping the future of city mobility, optimizing city traffic management by harnessing in-vehicle information for predictive insights. Ultimately, Waycare enables cities to fully control their roads and directly communicate with all vehicles. In the coming years, the average vehicle is expected to generate over 4 terabytes of data per day; 10X more than the daily data generated from an entire traffic management center. At the same time, urban populations are exploding, leading to unprecedented levels of road congestion in cities. Waycare’s platform harnesses in-vehicle and internal city data to optimize traffic systems and establish a two-way communication channel between the city and the vehicle. Waycares proprietary deep learning technologies provides the city predictive analytics and real-time decision making tools, enabling proactive traffic and incident mitigation and dynamic real-time traffic flow optimization options. As connectivity and innovation in the automotive industry continue to evolve, Waycare will play a vital role in shaping daily movements within our cities. WayCares solution is SaaS-based, enabling every city to become a smart city without costly infrastructural investment.

Employee counts updated on a monthly basis.

$9.6M

RoundDateCapital RaisedInvestors
WayCareSeries A2019$7.3M8
WayCareSeed2017$2.3M7
WayCareGrant2017$500,0001

TitleDate AnnouncedAmount ($)
WayCare AcquisitionAugust 202161,000,000

ㅤInvestor NameInvestor TypeAUM ($)
Goldbell InvestmentsCorporate Venture Capital
InnogyCompany
Janom SRO
MassChallengeAccelerator
Next Gear VenturesVenture Capital$30M
SeedInvest
SJF VenturesVenture Capital
Spider CapitalVenture Capital$40M
UpWest LabsVenture Capital$145M
Zymestic Solutions

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