Waycare
AI-driven Mobility Platform for Smart Cities
Company Overview
Snapshot
Founded in June 2016 by Noam Maital and Shai Suzan, Waycare operates with 11–50 employees. The company secured funding across 3 rounds from 10 investors, totaling $10.12 million. In August 2021, Waycare was acquired by Rekor Systems.
Business overview
Waycare develops an AI-driven mobility platform designed for smart cities. Its core technology leverages in-vehicle information and municipal traffic data to generate predictive insights, optimizing proactive traffic management. The platform enables municipalities to utilize data from various transportation modes, including connected and autonomous vehicles, to enhance traffic safety and manage urban roads more effectively. Waycare operates within the Automotive & Mobility Technologies sector, serving municipalities, drivers, and law enforcement.
Strategic signal
In November 2020, Waycare announced a collaboration with Volvo Cars to integrate connected safety data, specifically on slippery roads and hazard light activations. This partnership signals a strategic move towards leveraging real-time vehicle data to enhance predictive traffic management and road safety, demonstrating the company's commitment to advanced data integration for smarter urban mobility solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is Waycare's primary focus?
- Waycare develops an AI-driven mobility platform that uses in-vehicle and municipal traffic data to provide predictive insights for optimizing traffic management in smart cities.
- When was Waycare acquired?
- Waycare was acquired by Rekor Systems in August 2021.
- Which companies did Waycare partner with for data sharing?
- In April 2018, Waycare partnered with Waze for two-way data sharing between the city and Wazers. In November 2020, Waycare also collaborated with Volvo Cars to receive connected safety data.
- What was the outcome of Waycare's road test in Las Vegas?
- In June 2021, Waycare reported an 18% drop in crashes during its road test in Las Vegas, demonstrating the effectiveness of its AI-driven solutions in improving road safety.
- Which investors participated in Waycare's October 2019 funding round?
- In October 2019, Waycare received funding from investors including Janom S.R.O.