CitySwift Raises €5M in Series A Funding

cityswift

CitySwift, a Galway, Ireland-based mobility platform provider, raised €5m in Series A funding.

The round was led by Act Venture Capital, with participation from Mike McGearty, and Enterprise Ireland.

The company intends to use the funds to further expand its platform.

Led by CEO Brian O’Rourke, CitySwift provides a Mobility Intelligence as a Service platform that gives bus network providers the always-on insights needed to operate and adapt bus networks. Working with operators and public sector authorities globally, the system uses AI and machine learning to accurately predict journey times and passenger demand, creating optimised timetables that take into account traffic, events and hundreds of other external factors, ensuring on-time performance and increased passenger satisfaction. Customisable management dashboards deliver business intelligence and enable tracking of KPIs.

FinSMEs

19/10/2022