Axilion Smart Mobility

AI-based City-wide Traffic Management SaaS Offerings

Automotive & Mobility Technologies
Public on TASE on Dec, 2020<br>

Company Overview

Snapshot

Founded in August 2009 by Dr. Giora and Ilan Weizman, Axilion Smart Mobility operates with 11–50 employees. The company has raised a total of $24 million across 3 funding rounds from 13 investors. A significant milestone for the company was its public listing on TASE in December 2020.

Business overview

Axilion Smart Mobility develops, applies, and implements AI-based software systems (SaaS) designed to optimize city-wide mobility. Its core technology focuses on optimizing traffic light systems through comprehensive analysis of traffic networks, road users, and demand. These solutions aim to reduce air pollution, prioritize public transit, and enhance road-user safety, serving municipalities and government entities within the Automotive & Mobility Technologies sector.

Strategic signal

In November 2023, Axilion partnered with the Contra Costa Transportation Authority (CCTA) to optimize traffic flow along the Pittsburg Railroad Avenue Corridor. This collaboration demonstrates the company's continued expansion and validation of its AI-based traffic management solutions in critical urban infrastructure, signaling strong market adoption and potential for further growth in smart city initiatives.

Company Intelligence Q&A

When did Axilion Smart Mobility go public?
Axilion Smart Mobility went public on TASE in December 2020, through a Reverse Merger Event.
Which investors participated in the January 2021 funding round?
In January 2021, Axilion Smart Mobility received funding from More Investment House and Meitav Dash.
What was a key partnership announced by Axilion Smart Mobility in late 2023?
In November 2023, Axilion Smart Mobility partnered with the Contra Costa Transportation Authority (CCTA) to optimize traffic flow along the Pittsburg Railroad Avenue Corridor.
What was a significant product launch for Axilion Smart Mobility in the USA?
In May 2023, Axilion launched its X Way Technology in the USA as part of ITS America, one of the world's largest smart mobility conferences.
What was the outcome of the X Way Twin system pilot in Jerusalem?
In June 2022, Axilion successfully completed a pilot of the X Way Twin system in Jerusalem.

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