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The Israeli start-up NoTraffic, which is developing an Internet of Things (IoT) platform for vehicle-to-infrastructure (V2I) communications, today announced the completion of a funding round. Initial $ 3.2 million led by Lool Ventures and other investors, including Next Gear Ventures (controlled by the Mayer Cars and Trucks Group), North First Ventures and private investors. The company will use this money to expand product development, start testing in the United States, and recruit more employees. NoTraffic, a private company, was founded in 2017 by its partners, CTO Uriel Katz, Vice President R & D or Sela, and General Manager Tal Kreisler.
The beginning of autonomous vehicle testing in cities around the world is driving cities to seek advanced road infrastructure that will allow them to benefit from the benefits of autonomous vehicles, while improving existing traffic management systems. However, there is no standard that dictates how cities should prepare their infrastructure systems for the autonomous era. NoTraffic, a pioneer in this sector, wants to provide cities with a solution using an advanced IoT platform for traffic management in the urban environment, combining information gathered from V2I communications with that of intelligent sensors deployed at intersections, with traffic lights. signaling at conflict points. a road.
The system is based on advanced AI algorithms that identify, clbadify and monitor all road users, including pedestrians, and estimate the time at which they will reach the intersection. According to the information gathered, the system organizes the synchronization of traffic light changes to maximize traffic flow and reduce clutter, prioritize different types of vehicles and prevent accidents. The company said its system had already been installed in several California sites as part of a series of tests and would be extended to other US states, including Arizona, Ohio and Virginia. The system will be rolled out at several hubs in pilot cities and its deployment will be expanded gradually.
According to the company, the system deployment upgrades existing traffic management systems and prepares the infrastructure for an autonomous and connected world in just a few hours, while dramatically reducing the expense of cities into systems. existing traffic management.
Posted by Globes, Economic News in Israel – en.globes.co.il – November 5, 2018
© Copyright Globes Publisher Itonut (1983) Ltd. 2018
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