Waycare

AI-driven Mobility Platform for Smart Cities

Automotive & Mobility Technologies
Acquired (Inactive) by Rekor Systems on Aug 2021 - closed due to acquisition

Company Overview

Snapshot

Founded in June 2016 by Noam Maital and Shai Suzan, Waycare operated with 11–50 employees. The company raised a total of $10.12 million across 3 funding rounds from 10 investors before being acquired by Rekor Systems in August 2021.

Business overview

Waycare develops AI-driven solutions for urban mobility, enabling cities to leverage in-vehicle information and municipal traffic data. Its core technology generates predictive insights to optimize proactive traffic management and improve road safety. The platform allows municipalities to utilize data from various transportation modes, including connected and autonomous vehicles, serving markets in the Automotive & Mobility Technologies sector.

Strategic signal

In August 2021, Waycare was acquired by Rekor Systems. This acquisition signifies a strategic consolidation within the smart city and traffic management technology landscape, indicating a move towards integrating Waycare's AI-driven mobility platform into a larger ecosystem for enhanced traffic intelligence and public safety solutions.

Company Intelligence Q&A

When was Waycare acquired?
Waycare was acquired by Rekor Systems in August 2021.
What was Waycare's total disclosed funding before acquisition?
Waycare raised a total of $10.12 million across 3 funding rounds prior to its acquisition.
Which companies did Waycare partner with for connected safety data?
In November 2020, Waycare collaborated with Volvo Cars to receive connected safety data on slippery roads and the activation of hazard lights. In June 2021, Wejo connected vehicle data was integrated into the Waycare traffic management platform.
What impact did Waycare's technology have on road safety in Las Vegas?
In June 2021, Waycare reported an 18% drop in crashes in a Las Vegas road test. An AI pilot in Las Vegas in January 2018 also improved Highway Patrol response times.
What was a key partnership for Waycare in data sharing?
In April 2018, Waycare and Waze partnered to enable two-way data sharing between the city and Wazers.

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