Connected Car
AI-based traffic management platform NoTraffic has bagged $50 million in Series B funding as it picks up momentum in cities across the U.S. Most traffic intersections run on timers, but the technology exists today for a more sophisticated solution. NoTraffic's combined hardware-software solution turns intersections into smart intersections that can manage traffic flows based on data collected in real time. The startup's latest fundraise will help NoTraffic expand its offering to cities beyond traffic intersection management and into a more holistic solution that improves both road safety and traffic flow across cities. “NoTraffic is poised to elevate traffic management beyond its legacy infrastructure boundaries," said Tal Kreisler, co-founder and CEO of NoTraffic, in a statement.