• The funding will gas VivaCity’s North America growth and widen its product portfolio
London, UK; sixteenth February 2023: VivaCity, the transport know-how scaleup reworking cities into smarter and extra environment friendly locations to dwell and work, has as we speak introduced £7 million in funding to gas its growth into North America.
On this funding spherical, sustainable infrastructure VC investor ENV is becoming a member of present traders, different property and SME funding supervisor, Foresight Group and Gresham Home Ventures, the expansion fairness arm of specialist different asset supervisor, Gresham Home.
VivaCity’s synthetic intelligence sensors collect correct, detailed and nameless knowledge on transport modes, site visitors movement and journey patterns, supporting strategic selections to assist optimise the transport community and enhance city infrastructure.
The funding comes after a powerful 12 months of progress for the corporate, with VivaCity’s international sensor community approaching 20 billion highway person counts. The amount of sensors available in the market additionally elevated by 48% over the previous 12 months, whereas 94% of shoppers renewed their contracts. Alongside continued progress in Australia, the worldwide workforce has grown by 20% over the previous 12 months and moved into bigger workplaces in Shoreditch, with key hires together with Head of International Advertising, Mike Hollingbery.
Making roads smarter and safer
Main new contracts this 12 months embody Nottingham Metropolis Council, which is putting in VivaCity’s sensors city-wide to grasp how totally different transport mode volumes have an effect on air pollution ranges. Information from VivaCity’s sensors additionally performed an instrumental position in Barnet Council’s profitable Levelling Up bid. The £29.5m funding might be used for the redevelopment of Colindale Tube station.
In relation to VivaCity’s North America growth, the workforce has been conducting a pilot undertaking with the New York Metropolis Division of Transportation (NYC DOT), with sensors put in in Manhattan, Brooklyn and Queens. NYC DOT is assessing how they may use this knowledge to prioritise initiatives for the areas most in want of security and different enhancements, whereas concurrently serving to NYC perceive how persons are utilizing town’s streets.
2023 might be a pivotal 12 months for VivaCity, with the launch of its new product portfolio. The portfolio has focused merchandise that deal with the three main challenges the business faces: Sustainable Transport, Street Security and Community Optimisation to beat congestion.
Mark Nicholson, CEO and Co-Founder at VivaCity, commented: “The funding from ENV, Foresight Group and Gresham Home Ventures will assist us in our mission to optimise transport networks and enhance city infrastructure, growing each the protection and sustainability of our roads. Our progress over the previous 12 months is a testomony to our onerous working workforce, and we stay up for the alternatives that 2023 will convey, particularly in terms of increasing our product suite and persevering with our worldwide growth.”
Theodor Schulte, Funding Supervisor at ENV: “Zero emissions and nil casualties are objectives that each metropolis ought to thrive for. We’re satisfied that VivaCity’s proficient workforce and their distinctive know-how will assist cities globally to attain this.”
Ed Wass, Portfolio Associate at Gresham Home Ventures added: “We’ve got continued to be impressed by VivaCity’s progress following our first funding within the firm and are excited to be injecting additional capital to assist the following stage of its growth internationally. VivaCity’s providing has monumental potential to enhance transport techniques all over the world, and we stay up for working intently with the corporate within the coming years to allow its continued progress.”
The VivaCity workforce might be exhibiting on the upcoming Becoming a member of the Dots 2023 Street Security GB and Interchange conferences.
To search out out extra about VivaCity, go to the web site right here.
VivaCity makes cities smarter, safer and extra sustainable by supporting and empowering authorities with the suitable transport knowledge on the proper time.
The corporate’s Synthetic Intelligence sensors collect correct, detailed and nameless knowledge 24/7 on transport modes, site visitors movement and journey patterns, supporting strategic selections to assist optimise the transport community and enhance city infrastructure.
Cities must harness know-how that gives complete, high-quality insights, particularly in terms of roads and public areas. When investing in initiatives to assist sustainable journey, highway security and habitable neighbourhoods, this knowledge is invaluable, enabling extra environment friendly planning, influence monitoring and evaluation of a scheme’s success.
VivaCity was awarded the Queen’s Enterprise Award for Innovation in 2021, with 3000+ sensors deployed in over 100 native authorities – with worldwide progress properly underway.
VivaCity takes the safety of knowledge significantly. Their sensors have been developed utilizing privacy-by-design ideas to make sure that private knowledge is rarely compromised.
Leah Jones, [email protected], +44 7876 117760