Teralytics AG, a Zurich, Switzerland-based mobility analytics company, raised $17.5m in funding round.
The round was led by Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, with participation from innogy Ventures, the venture capital investment arm of innogy Innovation Hub, Deutsche Bahn Digital Ventures, LBBW Venture Capital and Liil Ventures, as well as existing investors Atomico and Lakestar.
The company plans to use the funds to expand its geographic presence to become a global marketplace for mobility insights and cover the journeys of more than one billion people.
Led by Alastair MacLeod, CEO, Teralytics is building a platform to provide advanced mobility analytics powered by telecom network data. Using data science and proprietary machine learning algorithms, it provides actionable mobility insights to help cities and transport services understand, predict and improve journeys across all modes of transport.
The company, which also has offices in New York and Singapore, currently provides mobility data products for infrastructure developers, transport planners and shared mobility services across more than 10 countries.