NoTraffic raises $50M to tackle congestion and enhance road safety

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. The capital injection comes as the Biden administration’s infrastructure bill enters its second year and a host of funding programs kick in to alleviate traffic congestion, tackle CO2 emissions and reduce road fatalities.
The Tel Aviv-based startup aims to bring traffic lights into the 21st century. Most traffic intersections run on timers, but the technology exists today for a more sophisticated solution. NoTraffic’s combined hardware-software

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