Waycare
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Waycare

https://waycaretech.com/
Last activity: 09.08.2021
Active - Reference to Rekor
Categories: AnalyticsDataFutureLearnManagementMessangerMobilityPlatformSmartVehicles
Predictive Insights for Smart Cities

WayCare's learning technologies provide forward looking and actionable insights that enable municipalities to make informed decisions and effectively and efficiently manage resource allocation. Our first solution addresses one of cities’ most urgent pain points: traffic accidents and related congestion. WayCare's proprietary, machine learning platform aims to predict traffic accidents and related congestion before they occur. The predictive insights are combined with a decision support solution, which allow authorities to select a preventative course of action. WayCare's SaaS-based solution allows cities to become a smart-city without requiring costly infrastructural Investment.


WayCare Accident Prediction Platform:
WayCare's accident prediction platform takes historical data in and around roads and combines it with real-time data feeds. The combined data set is synthesized through WayCare's recurrent neural network (RNN) platform, which in turn predicts the likely occurrence of future traffic accidents. Highly dangerous road sections are highlighted in red while less dangerous road sections are colored in yellow and green. The platform can also identify dangerous roads that are forming up to 24 hour ahead of time.

WayCare Decision Support:
WayCare’s platform not only provides authorities predictive insights of when and where accidents are likely to occur, but also recommends a preventative course-of-action. Recommendations include: dispatching first responders, variable speed limits, dynamic traffic light system management, lane allocation, variable warning signs, etc.

WayCare Reports and Data Integration:
WayCare integrates data from city operations including traffic management center, police, EMT, fire department and more. This enables WayCare to learn the city roads better than ever before and provide unprecedented analytics for almost anything that moves within the city environment.
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Mentions
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Location: Israel, Tel Aviv District, Tel Aviv-Yafo
Employees: 11-50
Phone: +1 213-986-8716
Total raised: $9.6M
Founded date: 2016

Investors 6

Funding Rounds 2

DateSeriesAmountInvestors
03.10.2019Series A$7.3M-
30.10.2017Seed$2.3M-

Mentions in press and media 25

DateTitleDescription
09.08.2021Is being Stripe’s competitor now a badge of honor?Happy Monday, Term Sheet readers. Finance reporter Anne Sraders here, filling in for Lucinda while she takes a well-deserved break. Paid Content Why marketers are benefitting from a scientific mindset From Optimizely Startups usually don’t ...
09.08.2021Is being Stripe’s competitor now a badge of honor?This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Happy Monday, Term Sheet readers. Finance reporter Anne Sraders here, filling in for Lucinda whil...
14.06.2021Collaboration in Southern Nevada Between Law Enforcement and Traffic Operations Leverages Waycare’s Predictive AI, Reducing Speeds and Crashes in Select CorridorsStrategic Traffic Management Site (STMS) at I-15 Southbound near Lake Mead Blvd The Road to Zero program should serve as a blueprint for scalable and effective future strategies combining both technology and interagency collaboration. LAS V...
27.05.2021North Carolina Department of Transportation (NCDOT) to Pilot Waycare to Support Traffic Management Operations, Reduce Crashes and CongestionNCDOT's Statewide Operations Center NCDOT is a great partner to showcase the value of using technology like CV data to produce actionable safety insights without needing to install additional traffic infrastructure on the roadways. RALEIGH,...
18.05.2021Connected Vehicle Technology and Artificial Intelligence Transforming the Approach to Traffic Management in Central TexasThe Central Texas Regional Mobility Authority Traffic & Incident Management Center “Connected vehicle technology is transforming the way we operate our roadways. As connected, semi-autonomous and electric vehicles proliferate, we want t...
02.05.2021Israeli startup Waycare taps AI to increase traffic safety, reduce time on roadsApproximately 1.35 million people are killed globally in car accidents every year, with an average of 3,700 people dying on the roads every day, according to the World Health Organization. Traffic accidents are the leading cause of death am...
28.12.2020Waycare and COTA Announce $1.7 Million Federal Grant and Implementation of Traffic Management, Alert and Predictive Analytics System Across 13 Central Ohio CountiesCOLUMBUS, Ohio (PRWEB) December 28, 2020 Today, Central Ohio Transit Authority (COTA) and Waycare Tech announced the implementation of Waycare’s cloud-based connected mobility platform that will increase traffic safety and reduce travel tim...
30.11.2020Ayalon Highway and Waycare Launch Data-Driven Pilot ProgramTEL AVIV, Israel (PRWEB) November 30, 2020 Netivei Ayalon, an Israeli Highway Agency, is partnering with Waycare to utilize its cloud-based platform for traffic management operations and AI-powered safety insights. Waycare’s software combin...
04.10.2019Daily funding roundup - October 3rd, 2019ReFirm Labs raised $2M; Verisart landed $2.5M; Diligent Robotics closed $3M ReFirm Labs: ReFirm Labs is a maker of IoT and firmware security software. ReFirm Labs has raised $2 million in funding co-led by DataTribe and New Dominion Angels,...
04.10.2019Waycare Raises $7.25M in Series A FundingWaycare, a Tel Aviv, Israel-based, AI-powered connected mobility platform for transportation agencies, raised $7.25m in Series A funding. The round was led by SJF Ventures, with participation from UpWest, Next Gear Ventures, Innogy, Spider ...
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