Skip to content
CityLab
+ Green

Optibus Joins Unicorn Ranks, Driven by Software Routing Public Buses, Trains

Tel Aviv-based software maker says new round of financing will let it expand beyond 1,000-city roster of global clients

Buses at bus station in the town center of Swindon, UK.

Buses at bus station in the town center of Swindon, UK.

Photographer: Geography Photos/Universal Images Group via Getty Images

By

From

Optibus, a Tel Aviv-based producer of software that optimizes train and bus scheduling, announced a new round of financing that gives it a $1.3 billion valuation, which it says makes it the first unicorn dedicated to the public transportation sector. 

The private company said Monday it has closed $100 million in Series D funding, which it will use to expand around the world and further develop its product. Participating investors included Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent and SOMV Momentum.