Optibus, an end-to-end software platform for public transportation planning and operations, has closed a $100 million Series D funding, with investments from new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others.
Optibus, an end-to-end software platform for public transportation planning and operations, has closed a $100 million Series D funding, with investments from new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others.
This latest round of financing brings Optibus’ total funding to $260 million and its valuation to $1.3 billion, making the company the first unicorn dedicated to the public transportation sector.
The funding round closes as Optibus launches Ridership Insights. The new finance will be used to expand into new product and service offerings including real-time operations and electric vehicle management, and strengthen its global presence in existing and new markets.
