WayCare

Predictive Insights from In-Vehicle Info for Traffic Management

Automotive, Connected Vehicle, Smart City
Deep Learning Machine Learning

Business Overview

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. Waycare’s 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. WayCare’s solution is SaaS-based, enabling every city to become a smart city without costly infrastructural investment.

Operating Status
Active
Founded
June 2016
Employees
31
Business model
B2B, B2G
Offering type
Software
Funding stage
Series A
Total funding
$10.6 Million
Sectors
Automotive, Connected Vehicle, Smart City, Traffic

Funding Rounds

Calculated as the average ratio between the current funding round amount raised and the previous funding round amount raised. Note that 'plus' rounds are summed together. i.e. Series A = Series A and Series A+.
Funding Growth Multiple
3.2x

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

AI Technology Stack

AI employees
5
AI application
Vertical AI
AI types
Deep Learning, Machine Learning

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