Automotus is a transportation-focused startup that aims to make cities and airports safer and more efficient. Founded in 2017 in the United States, the company has garnered attention for its pioneering work in parking and traffic management solutions, leveraging AI and computer vision. Its slogan, "Building a world where people spend more time where they want to be and less time getting there," reflects its commitment to transforming urban and airport environments. Automotus' technology is designed to automate curbside operations for various purposes, including parking, loading, zero emissions zones, and bike lanes. By doing so, the company aims to make streets safer, more sustainable, and efficient. In November 2023, Automotus secured a $4.07M Seed Round investment, marking a significant milestone in its growth and development. As investor analysts, this latest investment underscores the confidence and support that Automotus has garnered within the industry. The funding not only provides the company with the resources to further develop and implement its innovative solutions but also serves as a testament to its potential for long-term success. The company's proactive approach to utilizing AI and computer vision in addressing urban and airport challenges positions it as a key player in the transportation industry. Automotus' commitment to building a more efficient and sustainable future aligns with the growing demand for innovative transportation solutions in urban environments. Its focus on leveraging advanced technologies to improve urban mobility and safety presents significant opportunities for expansion and impact. Overall, Automotus' vision and recent investment signal its potential to make a lasting impression in the transportation sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $7.00M | 2 | 30 Nov 2023 | |
Seed Round | $7.80M | 10 | Unbridled | 08 Mar 2023 |
Debt Financing | Unknown | - | 24 Aug 2022 | |
Venture Round | $4.97M | - | 24 Aug 2022 | |
Seed Round | Unknown | 1 | 05 Jul 2022 |
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