Teralytics raises $17.5m to develop mobility insights

Swiss software company Teralytics has raised $17.5 million to offer mobility insights to more countries. The company is building a platform to provide advanced mobility analytics powered by telecom network data. Using data science and proprietary machine learning algorithms, the solution is expected to provide actionable mobility insights to help cities improve journeys across all modes of transport and optimise the location of electric vehicle chargers. Investors included Robert Bosch Venture Capital,
August 23, 2019 Read time: 1 min
Swiss software company Teralytics has raised $17.5 million to offer mobility insights to more countries.

The company is building a platform to provide advanced mobility analytics powered by telecom network data. Using data science and proprietary machine learning algorithms, the solution is expected to provide actionable mobility insights to help cities improve journeys across all modes of transport and optimise the location of electric vehicle chargers.

Investors included Robert 311 Bosch Venture Capital, Innogy Ventures and 5344 Deutsche Bahn Digital Ventures.

Innogy MD Thomas W. Thomas says the company is well positioned to “unlock the data the world needs to improve human mobility, both in terms of delivering a better service at lower cost and with minimised environmental impact”.
Urban Traffic Control

For more information on companies in this article

Related Content

  • Siemens: self-driving minibuses are the future of first-/last-mile
    February 26, 2020
    Markus Schlitt, CEO of intelligent traffic systems at Siemens Mobility, talks to ITS International about safety and why it is important for cities to offer additional shared and connected transit options.
    Read More
  • TransWiseway and IBM building China’s largest connected vehicles platform
    June 2, 2014
    IBM is collaborating with Beijing transportation information service systems provider TransWiseway Information Technology to build the largest connected vehicles platform in China that will transform the development of the country’s connected car services industry. The cloud-based platform will use advanced analytics for applications that offer real-time in-vehicle services to mobile devices, such as weather advisories, traffic alerts and alternate route suggestions.
    Read More
  • Finalists shortlisted for ITS Australia National Awards 2017
    October 10, 2017
    The finalists have been shortlisted for the ITS Australia National Awards 2017. The winners will be announced at The Pavilion, Arts Centre Melbourne on 23 November 2017. This year’s event has a record number of nominations and nearly twice as many submissions considered by the judging panel across all categories, compared to last year. For the Industry award, the finalists and their projects include Aldridge Traffic Controllers – ATSC4 Traffic Signal Controller with VC6.1 and HRS Software, CEOS
    Read More
  • Mobile payment technologies for Australia
    October 11, 2016
    Contactless technology, the ability to tap your bank issued card or enabled mobile device to make a payment, has brought speed and simplicity to the in-store shopping experience. Doug Howe explains how innovations, like Contactless, in the mobile and banking industries have the potential to transform public transportation. Q Why is public transportation ripe for transformation? A Today, more than half the world’s population lives in cities; that’s a figure set to increase to 70% by 2050. International
    Read More

Highlighted Content