Waycare Technologies
Latest round
- Series A
Last raised
- Oct 2019
Total raised
- $9.6M
Investors
- 9
About Waycare Technologies
Waycare Technologies Ltd.Founded in 2016 in Los Angeles, US, Waycare Technologies Ltd. provides innovative traffic management solutions.00 mn.Waycare Technologies specializes in advanced data analytics and artificial intelligence solutions designed for the transportation and traffic management sectors. Their core offerings include a traffic management platform that leverages real-time data from various sources, such as traffic cameras and sensors, to provide actionable insights aimed at improving roadway safety and efficiency. The platform addresses critical use cases such as accident prevention, congestion mitigation, and resource allocation for emergency services, thereby enhancing overall urban mobility.Waycare Technologies generates revenue through a subscription-based model, wherein clients pay for access to their comprehensive traffic management platform. The transaction structure is primarily B2B, with municipalities and transportation agencies entering into multi-year contracts to utilize the software and data services provided. Pricing plans are tailored to the specific needs of the client, often based on the scale of deployment and the range of features selected, including premium analytics and additional support services. Flagship offerings include their proprietary predictive analytics tools, which allow clients to anticipate traffic patterns and incidents.Waycare Technologies is focused on enhancing its product offerings and expanding into new markets. The company plans to design and launch new features for its traffic management platform, aiming for a release in 2023. Additionally, Waycare is targeting expansion into new geographic regions, including South America and the Middle East, with strategies set to implement these expansions by 2024. The recent acquisition in August 2021 by Rekor Systems, Inc.00 mn is expected to provide the necessary capital to support these growth initiatives.
Who invested in Waycare Technologies
9 investors across 2 rounds
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Questions about Waycare Technologies
Who invested in Waycare Technologies?
Waycare Technologies has 9 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Waycare Technologies raised?
Waycare Technologies has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Waycare Technologies last raise money?
Waycare Technologies's most recent round on record is a Series A, in Oct 2019.
What does Waycare Technologies do?
Waycare Technologies is a software company.
Where is Waycare Technologies headquartered?
Waycare Technologies is headquartered in Los Angeles, US.
Which VCs invest in companies like Waycare Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Waycare Technologies's stage. Their profiles are linked below.
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