VivaCity, the AI-driven transport technology business that data gathers on modal share and travel patterns, has announced that it has raised £7 million to scale up its business in the USA.
The funding comes after an impressive year of growth for the company, with VivaCity’s global sensor network approaching 20 billion road user counts. The volume of sensors in the market also increased by 48% over the past year, while 94% of customers renewed their contracts. Alongside continued growth in Australia, the global team has grown by 20% over the past 12 months and moved into larger offices in Shoreditch, with key hires including Head of Global Marketing, Mike Hollingbery.
Vivacity Labs’ sensors have been deployed in towns and cities across the UK, including Manchester, Cambridge and Sunderland. The business most recently inked a deal with Nottingham City Council, which is installing VivaCity’s sensors city-wide to understand how different transport mode volumes affect pollution levels. Data from VivaCity’s sensors also played an instrumental role in Barnet Council’s successful Levelling Up bid.
When it comes to VivaCity’s North America expansion, the team has been conducting a pilot project with the New York City Department of Transportation (NYC DOT), with sensors installed in Manhattan, Brooklyn and Queens. NYC DOT is assessing how they could use this data to prioritise projects for the areas most in need of safety and other improvements, while simultaneously helping NYC understand how people are using the city’s streets.
In this funding round, sustainable infrastructure VC investor ENV is joining existing […]
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