VivaCity, a transport technology startup based in London, has raised £7m in funding from existing investors Foresight Group and Gresham House Ventures, as well as new investor ENV. The startup, founded in 2015, uses AI sensors to gather data on transport modes, traffic flow, and travel patterns to provide insight into transport network planning. VivaCity works with local council authorities, such as Nottingham City Council and Barnet Council, to help develop new urban planning strategies. With the latest funding, VivaCity plans to expand its AI traffic optimization platform to North America and continue its international expansion.
VivaCity has raised £7m in funding from ENV, Foresight Group, and Gresham House Ventures. The latest funding round follows a £5m Series A round in February 2022, and VivaCity has expanded its global sensor network to 20 billion road user counts between the two rounds. The funding will support VivaCity’s mission to optimize transport networks and improve urban infrastructure, increasing safety and sustainability on the roads.
The new funding round was led by ENV, a VC that focuses on sustainable infrastructure solutions. Existing investors, Foresight Group and Gresham House Ventures, also participated in the round. The investment will enable VivaCity to expand its product suite and continue international expansion. VivaCity aims to bolster its presence in North America, where it is piloting a project with the New York City Department of Transportation.
VivaCity uses AI sensors to collect data on transport modes, traffic flow, and travel patterns. It works with local council authorities, including Nottingham City Council and Barnet Council, to provide insights into transport network planning and develop new urban planning strategies. The startup’s growth over the past year, which includes a global sensor network of 20 billion road user counts, is a testament to the hard work of its team. The pilot project with the New York City Department of Transportation is assessing how VivaCity’s data insights can improve road safety and efficiency in the city.
VivaCity’s latest funding round will support its mission to optimize transport networks and improve urban infrastructure using AI sensors. With ENV, Foresight Group, and Gresham House Ventures as investors, VivaCity plans to expand its platform to North America and continue its international expansion. The startup’s work with local council authorities and its pilot project with the New York City Department of Transportation demonstrate the potential impact of its technology in improving road safety and efficiency in cities globally.
