Waycare

Waycare is an AI-driven mobility solutions for smart cities. The company ptimizes traffic management systems leveraging predictive analytics, and enables two way vehicle to city communication.

Waycare is shaping the future of city mobility, enabling cities to take full control of their roads by harnessing in-vehicle information and municipal traffic data for predictive insights and proactive traffic management optimization.

Waycare was founded in 2016 by Noam Maital & Shai Suzan. The company is headquartered in Los Angeles, California, with an additional office in Tel-Aviv, Israel.

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. 

Waycare’s platform enables municipalities to capitalize on the enormous amount of data coming from various transportation modes, including connected and autonomous vehicles, to improve traffic safety and proactively manage the city’s roads.

 

The Waycare Platform includes a suite of cloud-based products supporting a variety of applications. With web and mobile interfaces, users can find, report, and respond to incidents quickly. Using Artificial Intelligence (AI) Waycare predicts locations where dangerous incidents are likely to occur, empowering municipalities to better-informed, proactive decisions.

 

Waycare is backed by SJF Ventures, Next Gear Ventures, Spider Capital, Innogy, Goldbell, Zymestic Solutions, UpWest, and Janom. The company raised $7.25M from a "Series A" financing on Oct 3, 2019. The round brings Waycare's total funding to $9.55M to date.

 

Waycare has received multople awards and accolades, such as: GOVERNMENT INNOVATION AWARDS 2019, SMART 50 AWARDS 2019, GOVTECH 100, GLOBAL CLEANTECH 2018- ONES TO WATCH etc.

 

 

  • Year founded: 2016
  • Funding Info: $9.55M over 2 Rounds (Last Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Los Angeles
  • State: California
  • Country: United States
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