Optibus Overview
Optibus specializes in optimizing public transportation systems through its cloud-native, AI-driven platform, which offers 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. Used in over 6,000 cities across more than 35 countries, Optibus facilitates approximately 7 billion trips annually and provides tools for transitioning to zero-emission bus fleets, real-time operational management, and rapid scenario creation.
Cumulative Funding Raised Over Time ($)
—Apr 2024
$12.0MAug 2017
$12.0MDec 2021
$13.0MJan 2015
$120.0MMar 2021
$220.0MMay 2022
$260.0MNov 2018
Latest News
growth-positive
Optibus Offices - Tel Aviv | Office Snapshots
Optibus, a technology company focused on optimizing public transportation, has unveiled its new office space in Tel Aviv, designed by Gindi Studio. The office spans 4,000 square meters across two floors and is inspired by urban dynamics and nature. The design concept, called The City, features corridors resembling lively streets and work areas that mimic quieter residential neighborhoods. The space includes collaborative bus stops and a cafeteria with sea views, creating an environment that fosters collaboration and relaxation. The use of natural materials throughout the office blurs the line between indoors and outdoors, reflecting Optibuss commitment to innovation and impact in public transportation.
growth-positive
Optibus takes over Datik from Irizar group on an expansion into real-time data solutions
Optibus, an Israeli tech company, has acquired Datik, a transportation technology firm based in Spain, to expand into real-time data services. This acquisition aims to enhance Optibus capabilities in providing an all-in-one digital operating system for public transportation. Datik, previously owned by the Irizar group, will collaborate with Optibus R&D and product teams to develop advanced SaaS products. Optibus has also signed a supply partnership with Volvo Buses and has seen its transit software adopted by 5,000 cities globally. The acquisition is expected to improve service planning and driver experiences by integrating Datiks real-time intelligence into Optibus platform.
AcquisitionPartners
growth-positive
Copec WIND Ventures makes strategic investment in Optibus to advance bus electrification in Latin America
Copec WIND Ventures, the venture capital arm of Latin American energy solutions leader Copec, has announced a strategic partnership and investment in Optibus, a leading software platform for planning and operating efficient, sustainable public transportation systems. The partnership will explore synergies around bus depot electrification, eBus-as-a-service, and smart charging for passenger transportation providers in Latin America. This investment boosts Optibus status as a dominant player in electric vehicle solutions and increases its valuation since its Series D round in 2022.
InvestmentPartners
growth-positive
Volvo Invests In Public Transport Unicorn Optibus
Volvo Group Venture Capital has made an investment in Optibus, an Israeli unicorn that develops software for public transportation. The size of the investment was not disclosed. Optibus recently completed a $100 million Series D funding round to advance its public transportation software platform. The partnership aims to accelerate the digitalization and electrification of buses. Optibus provides optimization software for public transportation planning and management, used in over 1,000 cities across the globe. Volvo Groups investment highlights its commitment to electrification and logistics technology, as well as more efficient and sustainable public transportation systems. Both companies believe that advanced software solutions are crucial for the development of the market.
InvestmentPartners
growth-positive
Transport planning co Optibus raises $100m at $1.3b valuation
Israeli startup Optibus has closed a $100 million Series D funding round, bringing its valuation to $1.3 billion. The funding was provided by existing investors such as Insight Partners and new investors including Tencent and State of Mind Ventures. Optibus, which develops software for planning and operating public transport, currently works with 150 customers and has raised a total of $260 million since its founding in 2014. The funding will be used to further expand the company. Optibus faced challenges in raising funds due to the decline in revenue multiples for technology companies in the public market. However, investors were optimistic about Optibuss potential to dominate the global public transport market.
Investment
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $260M |
| Last funding | Undisclosed |
| Stage | D |
| Rounds | 7 |
| Investors | 13 |
Team Members
13
Employees: 201-500
Web & Social Links
| Website | optibus.com |
| Careers | Careers page |
Locations
Derech Menachem Begin 125, Tel Aviv-Jaffa, Israel
Skalitzer Str. 104, Berlin, Germany
Centralplan 3, 111 20 Stockholm, Sweden
27 Avenue de l'Opra, Paris, France
135 Madison Avenue, New York, NY, USA
610 SW Broadway suite 310, Portland, OR 97205, USA
17 Heneage Street, London, UK
Via Vittorio Veneto, 54b, 00187 Roma RM, Italy
535 Mission Street, San Francisco, CA, USA
Photos & Videos
3 item(s)
Optibus Business
Business models
B2G, B2B
Product stage
Released
Employees
201-500
Sector
Climate TechEco-Efficient Transportation & LogisticsEco-Efficient Mobility Optimization & LogisticsAutomotive & Mobility TechnologiesUrban MobilityTarget Customer
Government & CityMunicipalitiesTransportation & LogisticsLogisticsCore Technology
Platforms & InterfacesWebData StorageCloudArtificial IntelligenceMachine LearningTags (13)
real-timeschedulingsaasfleet-managementpublic-transportationproductivityunicorn-2022climate-techcloud-basedmunicipalitiessmbsmart-mobilitysmart-citySolutions
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{"title":"Transportation","description":"Optibus provides an AI-powered platform for shuttle operators to optimize planning, scheduling, rostering, and real-time operations, aiming to reduce costs, improve service quality, and enhance operational efficiency.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Transportation / Consulting","description":"Optibus for Consultancies provides a data-driven platform for public transportation consultancies to optimize network planning, scheduling, and operations for their clients, enabling them to deliver more efficient, cost-effective, and passenger-friendly solutions.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
Plan and Optimize Electric Vehicle OperationsOptibus for Public Transportation AgenciesOptibus for Shuttle OperatorsOptibus for ConsultanciesGeographic Markets
IsraelUnited KingdomEuropeAfricaNorth AmericaOptibus Financials
$260M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
D
Funding stage
7
Total rounds
13
Investors
Cumulative Funding Raised Over Time ($)
—Apr 2024
$12.0MAug 2017
$12.0MDec 2021
$13.0MJan 2015
$120.0MMar 2021
$220.0MMay 2022
$260.0MNov 2018
Private Equity Funding
Undisclosed Round
Apr 2024
Undisclosed
Wind Ventures
D Round
May 2022
$100M
Verizon Ventures Israel, Bessemer Venture Partners, Pitango Growth, Volvo Cars Tech Fund, Tencent Holdings Limited, Insight Partners, State of Mind Ventures
C Round
Dec 2021
Undisclosed
Pitango Growth
C Round
Mar 2021
$107M
Bessemer Venture Partners (Lead)
,
Dynamic Loop Capital, Insight Partners, Pitango Growth, BlueRed Partners, Verizon Ventures Israel
B Round
Nov 2018
$40M
Insight Partners, Alibaba, Pitango First, Verizon Ventures Israel, New Era Capital Partners
A Round
Aug 2017
$12M
Verizon Ventures Israel, New Era Capital Partners, Dynamic Loop Capital, Pitango First
Seed
Jan 2015
$1M
Mergers & Acquisitions
MNAEvent
Sep 2024
Undisclosed
MNAEvent
Apr 2022
Undisclosed
Optibus Lifecycle
Cumulative Funding Raised Over Time
—Apr 2024
$12.0MAug 2017
$12.0MDec 2021
$13.0MJan 2015
$120.0MMar 2021
$220.0MMay 2022
$260.0MNov 2018
All Events
Undisclosed Round
Apr 2024
Undisclosed
Wind Ventures
D Round
May 2022
$100M
Verizon Ventures Israel, Bessemer Venture Partners, Pitango Growth, Volvo Cars Tech Fund, Tencent Holdings Limited, Insight Partners, State of Mind Ventures
C Round
Dec 2021
Undisclosed
Pitango Growth
C Round
Mar 2021
$107M
Bessemer Venture Partners (Lead)
,
Dynamic Loop Capital, Insight Partners, Pitango Growth, BlueRed Partners, Verizon Ventures Israel
B Round
Nov 2018
$40M
Insight Partners, Alibaba, Pitango First, Verizon Ventures Israel, New Era Capital Partners
A Round
Aug 2017
$12M
Verizon Ventures Israel, New Era Capital Partners, Dynamic Loop Capital, Pitango First
Seed
Jan 2015
$1M
MNAEvent
Sep 2024
Undisclosed
MNAEvent
Apr 2022
Undisclosed
Optibus News
23 articles
growth-positive
Optibus Offices - Tel Aviv | Office Snapshots
Optibus, a technology company focused on optimizing public transportation, has unveiled its new office space in Tel Aviv, designed by Gindi Studio. The office spans 4,000 square meters across two floors and is inspired by urban dynamics and nature. The design concept, called The City, features corridors resembling lively streets and work areas that mimic quieter residential neighborhoods. The space includes collaborative bus stops and a cafeteria with sea views, creating an environment that fosters collaboration and relaxation. The use of natural materials throughout the office blurs the line between indoors and outdoors, reflecting Optibuss commitment to innovation and impact in public transportation.
growth-positive
Optibus takes over Datik from Irizar group on an expansion into real-time data solutions
Optibus, an Israeli tech company, has acquired Datik, a transportation technology firm based in Spain, to expand into real-time data services. This acquisition aims to enhance Optibus capabilities in providing an all-in-one digital operating system for public transportation. Datik, previously owned by the Irizar group, will collaborate with Optibus R&D and product teams to develop advanced SaaS products. Optibus has also signed a supply partnership with Volvo Buses and has seen its transit software adopted by 5,000 cities globally. The acquisition is expected to improve service planning and driver experiences by integrating Datiks real-time intelligence into Optibus platform.
AcquisitionPartners
growth-positive
Copec WIND Ventures makes strategic investment in Optibus to advance bus electrification in Latin America
Copec WIND Ventures, the venture capital arm of Latin American energy solutions leader Copec, has announced a strategic partnership and investment in Optibus, a leading software platform for planning and operating efficient, sustainable public transportation systems. The partnership will explore synergies around bus depot electrification, eBus-as-a-service, and smart charging for passenger transportation providers in Latin America. This investment boosts Optibus status as a dominant player in electric vehicle solutions and increases its valuation since its Series D round in 2022.
InvestmentPartners
growth-positive
Volvo Invests In Public Transport Unicorn Optibus
Volvo Group Venture Capital has made an investment in Optibus, an Israeli unicorn that develops software for public transportation. The size of the investment was not disclosed. Optibus recently completed a $100 million Series D funding round to advance its public transportation software platform. The partnership aims to accelerate the digitalization and electrification of buses. Optibus provides optimization software for public transportation planning and management, used in over 1,000 cities across the globe. Volvo Groups investment highlights its commitment to electrification and logistics technology, as well as more efficient and sustainable public transportation systems. Both companies believe that advanced software solutions are crucial for the development of the market.
InvestmentPartners
growth-positive
Transport planning co Optibus raises $100m at $1.3b valuation
Israeli startup Optibus has closed a $100 million Series D funding round, bringing its valuation to $1.3 billion. The funding was provided by existing investors such as Insight Partners and new investors including Tencent and State of Mind Ventures. Optibus, which develops software for planning and operating public transport, currently works with 150 customers and has raised a total of $260 million since its founding in 2014. The funding will be used to further expand the company. Optibus faced challenges in raising funds due to the decline in revenue multiples for technology companies in the public market. However, investors were optimistic about Optibuss potential to dominate the global public transport market.
Investment
growth-positive
Optibus is bringing public transportation into the 21st century CTech
Optibus, an Israeli startup, has developed software that solves the problem of managing and planning mass transportation. The platform is already operational in over 1,000 cities and generates tens of millions of dollars in annual revenue. Optibus primarily targets the local market, including public transportation company Egged, but also has clients such as Apple, Amazon, Microsoft, and Facebook for their employee shuttle services. The company has raised $170 million in funding and is determined to expand globally. Optibus plans to enter more countries and expand its product offerings, including acquiring other companies in the electric bus charging, vehicle maintenance, and parking sectors. The founders envision Optibus becoming a public company in the future.
CustomersPartnersInvestmentExpand
growth-positive
Israeli Transit Tech To Help Operate Uganda's First Public Bus Network
Optibus, an Israeli public transportation software provider, has partnered with Ugandan IT company SCINTL to establish the first public bus network in Kampala, Uganda. The project aims to improve public transportation infrastructure in the region and create over 12,000 local jobs by 2025. Optibus will plan the bus network from scratch, starting with 1,030 buses and eventually growing to 3,000 buses, all of which will be electric by 2032. Additionally, Optibus has acquired Trillium, a Portland-based firm that provides real-time transportation data services. The acquisition allows Optibus to expand its passenger information management systems and become a comprehensive solution for mass transit operations. Optibus continues to expand globally and develop new capabilities.
PartnersExpand
growth-positive
Optibus acquiring transportation passenger platform Trillium CTech
Israeli startup Optibus is acquiring U.S.-based Trillium for several million dollars. Trillium is a SaaS provider helping transit operators and agencies keep riders informed. It will operate as an Optibus subsidiary, integrating their expertise in public transportation data feeds and a team of 25 data experts into Optibus. Trillium has helped over 350 U.S. transit agencies and operators. Optibus, founded in 2014, operates in over 1,000 cities and has raised $160 million to date.
Acquisition
growth-positive
AI public transport operations platform Optibus expands with new Paris office Traffic Technology Today
Optibus is expanding its European presence with the opening of its first office in Paris, France. The company leverages AI and cloud computing to optimize bus operations, improving service efficiency and reducing emissions and costs. The opening of the Paris office aligns with the French governments push for sustainable mobility and the transport industrys need for agile planning tools. The office will focus on customer success and solutions engineering. Optibus serves clients in over 500 cities worldwide, including global operators like Transdev, Keolis, and RATP Dev. The company aims to revolutionize Frances bus operations with its cutting-edge technology.
CustomersPartners
growth-positive
Optibus optimizes bus lines worldwide with algorithms
Optibus, an Israeli cloud native AI platform for public transportation, completed a $40 million Series B financing round in 2018, with Alibaba among the investors. The investment from Alibaba aims to help Optibus penetrate the Chinese market, where public transport is critical. Optibus streamlines and optimizes the operations of public transport organizations, primarily bus companies, and operates in 500 cities worldwide. The company has raised a total of $160 million in funding. Optibus plans to address the challenges of electric and autonomous vehicles in the future. The article also discusses the global challenge of a driver shortage in the public transport industry.
InvestmentExpand
growth-positive
The startup harnessing AI to make your bus arrive on time
Optibus, an Israeli startup founded in 2014, provides AI-based solutions to optimize public transportation. The company was inspired by the inefficiencies in transit planning observed by the cofounders father. Optibus has raised $160 million and operates in nearly 500 cities globally. The COVID-19 pandemic highlighted the importance of their solution, leading to significant growth in 2020. The company plans to expand further into Europe, Latin America, the US, APAC, and Africa, and is investing in new products, including real-time public transportation management and electric mobility solutions.
InvestmentExpand
growth-positive
Optibus AI aims to de-carbonise buses
Optibus has partnered with Hitachi Europe to help cities and mass transport providers decarbonise their bus fleets. The partnership combines Optibus AI platform with Hitachis digital and operational capabilities, offering bus operators the ability to manage risk and cost when electrifying their fleet. The EV scheduling and planning solution allows users to define charging times, locations, and minimum battery levels to optimize schedules and make it easier to operate EV routes. The platform powers mass transportation operations in over 450 cities worldwide. The partnership supports Hitachis strategy of providing long-term turnkey solutions for zero carbon transport.
Partners
growth-positive
Israeli AI public transport co Optibus raises $107m
Optibus, an Israeli AI platform developer for public transport and bus schedules, has raised $107 million in a Series C financing round. The funding will be used to expand global marketing, enhance product capabilities, and accelerate the deployment of zero-emission vehicles. Optibus aims to improve mass transit for passengers while increasing operational efficiency. The companys geospatial suite visualizes crucial geographic information to make transport networks more passenger-friendly. Optibus powers transit operations in over 450 cities worldwide and has customers such as LADOT, NICE, AVTA, First Group, and Stagecoach.
InvestmentExpand
growth-positive
Israeli startup Optibus helps power UK's public transport of the post-COVID future
Israeli startup Optibus partners with UKs biggest bus and coach operator, Stagecoach, to provide AI-powered management for a smarter transport system. The partnership aims to support Stagecoach in planning bus networks of the future and transitioning to a zero-emission fleet. Optibus software, used in over 450 cities globally, uses AI, advanced algorithms, and cloud computing to deliver smarter timetables and networks. The software will also assist Stagecoach in the roll out of its new electric vehicles. The partnership is seen as a growth-positive move for Optibus.
Partners
N/A
https://www.masstransitmag.com/safety-security/press-release/21129454/optibus-optibus-offers-nocost-contingency-plans-to-help-transit-agencies-prepare-for-covid19
The article discusses the use of a security service by www.masstransitmag.com to protect against online attacks.
growth-positive
Israeli Startup Optibus Uses Tech to Cure Public Transit Woes Amazon Web Services
Optibus, an Israeli software startup, offers cloud-based software driven by AI machine learning to help cities optimize their public bus fleets and improve service. The company recently raised $40 million in Series B funding and is expanding its client base in Israel, Europe, the UK, and the US. Optibus aims to cut costs and make public transit more reliable, ultimately restoring public faith in the system.
CustomersInvestment
growth-positive
Optibus Adds Intelligent Route Planning Capabilities to its Market-Disrupting Mass Transport Platform
Optibus has launched Optibus Route Planning, a new set of capabilities within its platform, allowing transportation agencies and operators to plan mass transportation more flexibly. The Route Planning module enables quick and simple route creation and modification, with features such as algorithmic power, interactive user interface, and seamless workflow integration. This launch follows Optibus recent $40 million Series B financing round, led by Insight Venture Partners with a strategic investment by Alibaba Group. The company aims to modernize mass transportation software and provide innovative services to keep mass transit at the center of mobility.
Customers
growth-positive
Bus optimization co Optibus raises $40m from Alibaba, Insight
Optibus, an Israeli public transport optimization startup, has raised $40 million in a series B financing round. The company uses advanced artificial intelligence and optimization algorithms to improve service and efficiency, reduce costs, streamline operations, and reduce congestion and emissions for mass transportation companies in over 300 cities. Optibus has raised a total of $54.5 million to date, with participation from Insight Venture Partners, Alibaba Group, and existing investors. The funding will be used to further develop their SaaS platform and expand their operations. Optibus aims to modernize transportation infrastructure and improve passenger service.
Investment
growth-positive
Optibus uses AI in drive to reduce travel delays
OnTime, a mobility technology company, has launched an artificial intelligence solution to help transit agencies improve their on-time performance. The article discusses how the solution analyzes masses of data created during daily transit operations. This development is expected to have a positive impact on the growth of OnTime.
Customers
http://www.metro-magazine.com/technology/news/728761/optibus-releases-solution-for-rapid-efficient-deployment-of-electric-buses
growth-positive
Public transport optimization co Optibus raises $12m
Optibus, an Israeli real-time public transport planning company, has raised $12 million in a financing round led by Pitango Venture Capital. The funding will be used to develop Optibus operating system and accelerate worldwide growth. Optibus provides services to 200 cities on five continents, optimizing public transport services and improving the travel experience for passengers. The company was founded by CEO Amos Haggiag and CTO Eitan Yanovsky. The investors in this financing round include Pitango Venture Capital, Verizon Ventures, and Sir Ronald Cohen.
Investment
growth-positive
Optibus turns from buses to flexible vehicle market
Israeli startup Optibus is developing software that allows public transportation providers to offer a flexible, door-to-door service similar to ride-hailing companies like Uber. The software optimizes schedules and uses algorithms to analyze factors such as traffic, weather, and road closures. Optibus already sells its software to bus operators in Israel, North America, and Europe, and is now in talks with operators and municipalities to adopt its new software. The company is also seeking investment from venture capitalists, private family funds, and strategic partners. Optibus aims to revolutionize public transportation and reduce the need for personal cars.
PartnersInvestment
growth-positive
10,000 shekel fine for late bus? Not with OptiBus
OptiBus, an Israeli start-up, provides a solution for fixed-schedule bus schedule optimization issues. The companys system allows bus companies to save between 7% and 10% on expenses annually. OptiBus has been named one of the finalists in Ernst and Youngs The Pitch contest for start-ups and has been enrolled in IBMs Alpha Zone accelerator. The companys fast analysis system and deep analysis of various factors affecting bus schedules set it apart from other big data analysis systems. OptiBus is currently focused on the Israeli market but is also in negotiations with potential partners in the US and Europe.
Customers
Optibus Team
Amos Haggiag
Co-founder & CEO
Founder
Eitan Yanovsky
Co-founder & CTO
Founder
Simon Pearce
Chief Revenue Officer
Jennifer Bentley
SVP Global Marketing
Waiching Wong
VP Global Customer Success
Oded Tsamir
VP Product
Sharad Agarwal
Managing Director, North America
Ronen Avraham
General Manager LATAM
Employee Info
| Employees (range) | 201-500 |
| Exact count | 351 |
| Team members | 13 |
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Optibus Internal
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 514620186 |
| Crunchbase | optibus |
| Phone | +972733729586 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-11-24T00:00:00.000Z |
| Created | 2014-11-04T00:00:00.000Z |
| Claimed | Yes |