AI Traffic Startup NoTraffic Raises $50 Million to Tackle Congestion Globally
- NoTraffic's smart sensors and cloud software reduce traffic congestion and wait times.
- NoTraffic raised $50 million to expand into Europe and Japan, increase production and sales, and develop new markets.
- The Israeli company optimizes traffic light timing and flow using AI and real-time data from internet-connected sensors at intersections.
- NoTraffic aims to provide cities a holistic mobility solution that improves road safety, traffic flow, and planning.
- The funding will help NoTraffic double its geographic presence over the next two years.