Optibus

Company Overview

Snapshot

Founded in July 2011 by Amos Haggiag and Eitan Yanovsky, Optibus is a private company with 201–500 employees. The company has raised $260 million across 7 funding rounds from 13 investors, including Insight Partners. In September 2024, Optibus acquired Datik to expand into real-time data services.

Business overview

Optibus optimizes public transportation systems through its cloud-native, AI-driven platform, offering comprehensive solutions for planning, scheduling, rostering, operations, and passenger information. Leveraging advanced artificial intelligence and optimization algorithms, the platform enhances efficiency and sustainability for transit systems. The company serves markets in over 6,000 cities across more than 35 countries, facilitating approximately 7 billion trips annually. Optibus also provides tools for transitioning to zero-emission bus fleets, real-time operational management, and rapid scenario creation, operating within the Automotive & Mobility Technologies sector.

Strategic signal

In September 2024, Optibus acquired Datik, a transportation technology firm, to expand its real-time data services. This strategic move enhances Optibus's capabilities in providing an all-in-one digital operating system for public transportation, signaling a strong commitment to integrating advanced real-time intelligence into its platform and improving service planning and driver experiences.

Company Intelligence Q&A

What was a significant acquisition made by Optibus?

In September 2024, Optibus acquired Datik, a transportation technology firm based in Spain, to expand its real-time data services and enhance its digital operating system for public transportation.

What strategic investment did Optibus receive in April 2024?

In April 2024, Copec WIND Ventures made a strategic investment in Optibus to advance bus electrification in Latin America. This partnership aims to explore synergies in bus depot electrification, eBus-as-a-service, and smart charging.

When did Optibus complete its Series D funding round and what was its valuation?

In May 2022, Optibus closed a Series D funding round, bringing its valuation to $1.3 billion. This round included investments from Insight Partners and State of Mind Ventures.

What was the purpose of Volvo Group Venture Capital's investment in Optibus?

In July 2022, Volvo Group Venture Capital invested in Optibus to accelerate the digitalization and electrification of buses, highlighting a commitment to more efficient and sustainable public transportation systems.

What was a key acquisition for Optibus in April 2022?

In April 2022, Optibus acquired Trillium, a Portland-based firm specializing in real-time transportation data services, to expand its passenger information management systems and offer a more comprehensive solution for mass transit operations.