OptiCity Overview
OptiCity provides an intelligent SaaS solution that optimizes ride transportation for organizations and passengers, enabling substantial direct and indirect cost savings. Harnessing artificial intelligence and machine learning, the company’s groundbreaking technology uses data-driven models that simplify processes and manage resources efficiently and transparently. OptiCity’s software is designed to seamlessly integrate with external support systems such as GPS, shift management, accounting, and human resources. The company’s solution is designed to achieve lower traffic levels due to fewer unnecessary vehicles on the road, reduced air pollution, and increased motivation for employees to replace private vehicles with shared rides. OptiCity is a subsidiary of LS Technology.
Latest News
growth-negative
אופטיסיטי מבטלת את ההנפקה בת"א כלכליסט
אופטיסיטי, a smart transportation platform company, has canceled its IPO on the Tel Aviv Stock Exchange due to a lack of interest from institutional investors. The company planned to raise 16 million shekels at a valuation of 60 million shekels. As a result, OptiCity will now seek funding through private funds. The article highlights the decline in appetite for small technology companies among institutional investors. OptiCity reported revenues of 138,000 shekels in the first half of 2021, compared to 191,000 shekels in 2020, resulting in a total loss of 4 million shekels. The company is currently controlled by LS Gender Solutions (89.5%), a private company owned by the founders and CEO of OptiCity, Avi Gabbay, Noam Perry, Niv Baibich, and Satellium Limited, owned by Reuben Tzavag.
Investment
growth-positive
עם הערת עסק חי וגירעון, המתחרה של ויה שואפת לשווי של 60 מיליון שקל כלכליסט
OptiCity, a company that developed a smart transportation platform, is hoping to raise 12 million shekels. If the offering is successful, the founder Avi Gabai (28) will become the youngest CEO on the Tel Aviv Stock Exchange. The companys application is sold to organizations and serves employees and drivers, both for determining the travel route and for optimizing prices. OptiCitys customers include government offices, the cellular company Pelephone, the manpower company Manpower, the electricity company and Wix. The company expects to end 2021 with revenues of 800,000 shekels. For 2023, the company sets a revenue target of 13.7-17.5 million shekels and an operating profit target of 3.2-7 million shekels.
InvestmentPublic Trading
growth-positive
"חצי שנה הייתי וואן מן שואו. ואז הבנתי שאני צריך מסביבי אנשים"
Opticity, an Israeli smart transportation company, is planning to expand its operations globally. The company, which was founded by Avi Gabai, uses artificial intelligence to optimize transportation routes for companies and schools. Despite the pandemic reducing the need for transportation as more people work from home, the company has found success with factories, hotels, and companies like Microsoft. Opticity is not yet profitable as it is investing in global expansion, but it is generating revenue.
CustomersExpand
growth-positive
באו לבקר במאורת הנמר: אבי גבאי ורוני ארוש, LS טכנולוגיות -
The article discusses LS טכנולוגיות, a boutique software development company founded by Avi Gabbay and Niv Baibich. The company provides advanced software development services, integrations, information systems, applications, websites, and system testing. LS טכנולוגיות focuses on delivering high-quality solutions tailored to the changing needs of its customers. The article also mentions the companys subsidiary, אופטיסיטי (Opticity), which offers a synchronized transportation solution for organizations, optimizing travel routes and saving costs. LS טכנולוגיות has a young and talented team of about 30 employees and serves numerous hi-tech and communication companies, including Knowledge4All, HMS, ICTBit, and QPoint. The article highlights the companys growth and positive impact on its customers.
Customers
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Pre-Funding |
| Rounds | 0 |
| Investors | 0 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | opticity.co.il/ |
| App Store | App Store |
Locations
Imber St 23, Petah Tikva, Israel
Photos & Videos
No files yet
OptiCity Business
Business models
B2C, B2B, B2G
Product stage
Released
Employees
51-200
Sector
Automotive & Mobility TechnologiesUrban MobilityTarget Customer
ConsumersEnterprise & Professional ServicesSMBs & SMEsEnterprisesCore Technology
Platforms & InterfacesWebTags (9)
mobile-applicationstransportationenterprise-solutionsenterprisessmbfleet-managementsmart-mobilitysoftware-applicationsmanagement-solutionsGeographic Markets
IsraelOptiCity Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Pre-Funding
Funding stage
0
Total rounds
0
Investors
OptiCity Lifecycle
OptiCity News
4 articles
growth-negative
אופטיסיטי מבטלת את ההנפקה בת"א כלכליסט
אופטיסיטי, a smart transportation platform company, has canceled its IPO on the Tel Aviv Stock Exchange due to a lack of interest from institutional investors. The company planned to raise 16 million shekels at a valuation of 60 million shekels. As a result, OptiCity will now seek funding through private funds. The article highlights the decline in appetite for small technology companies among institutional investors. OptiCity reported revenues of 138,000 shekels in the first half of 2021, compared to 191,000 shekels in 2020, resulting in a total loss of 4 million shekels. The company is currently controlled by LS Gender Solutions (89.5%), a private company owned by the founders and CEO of OptiCity, Avi Gabbay, Noam Perry, Niv Baibich, and Satellium Limited, owned by Reuben Tzavag.
Investment
growth-positive
עם הערת עסק חי וגירעון, המתחרה של ויה שואפת לשווי של 60 מיליון שקל כלכליסט
OptiCity, a company that developed a smart transportation platform, is hoping to raise 12 million shekels. If the offering is successful, the founder Avi Gabai (28) will become the youngest CEO on the Tel Aviv Stock Exchange. The companys application is sold to organizations and serves employees and drivers, both for determining the travel route and for optimizing prices. OptiCitys customers include government offices, the cellular company Pelephone, the manpower company Manpower, the electricity company and Wix. The company expects to end 2021 with revenues of 800,000 shekels. For 2023, the company sets a revenue target of 13.7-17.5 million shekels and an operating profit target of 3.2-7 million shekels.
InvestmentPublic Trading
growth-positive
"חצי שנה הייתי וואן מן שואו. ואז הבנתי שאני צריך מסביבי אנשים"
Opticity, an Israeli smart transportation company, is planning to expand its operations globally. The company, which was founded by Avi Gabai, uses artificial intelligence to optimize transportation routes for companies and schools. Despite the pandemic reducing the need for transportation as more people work from home, the company has found success with factories, hotels, and companies like Microsoft. Opticity is not yet profitable as it is investing in global expansion, but it is generating revenue.
CustomersExpand
growth-positive
באו לבקר במאורת הנמר: אבי גבאי ורוני ארוש, LS טכנולוגיות -
The article discusses LS טכנולוגיות, a boutique software development company founded by Avi Gabbay and Niv Baibich. The company provides advanced software development services, integrations, information systems, applications, websites, and system testing. LS טכנולוגיות focuses on delivering high-quality solutions tailored to the changing needs of its customers. The article also mentions the companys subsidiary, אופטיסיטי (Opticity), which offers a synchronized transportation solution for organizations, optimizing travel routes and saving costs. LS טכנולוגיות has a young and talented team of about 30 employees and serves numerous hi-tech and communication companies, including Knowledge4All, HMS, ICTBit, and QPoint. The article highlights the companys growth and positive impact on its customers.
Customers
OptiCity Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 88 |
| Team members | 3 |
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OptiCity Internal
Recent Updates
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Admin Info
| Confidence | 90/100 |
| Missing | video or image, funding rounds, not claimed |
| BI Verification | Maor Perlov |
| Registrar ID | 516099231 |
| Phone | +97236772030 |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2022-09-13T00:00:00.000Z |
| Created | 2020-08-30T00:00:00.000Z |