Total raised
$5.1M
Last: Seed 2021-08
Stage
Seed
Founded
2021
Headcount
16
HQ
Tel Aviv-Yafo
Sector
Automotive & Mobility Technologies
About
Exelerate is the developer of Falcon, a traffic light management and control platform based on a family of AI based algorithms. Falcon is a modular SaaS system that is tailored to the needs of smart cities and can assist them in reducing traffic-related air pollution. The solution enables municipalities to manage their traffic infrastructure freely and independently. Falcon can be deployed in cities, highways, and on light-rail transit lines. With a flexible price structure, Falcon is vendor agnostic and connects to all traffic-light controllers and sensors. The system can act as "traffic vector" middleware in a smart city platform.
Funding history · 1 round · $5.1M total
2021-08
Seed
$4.2M
Sectors & technology
Primary sector
Automotive & Mobility Technologies
Sub-sectors
Climate TechEco-Efficient Transportation & LogisticsEco-Efficient Mobility Optimization & LogisticsAutomotive & Mobility TechnologiesUrban Mobility
Technologies
Artificial IntelligenceMachine LearningPlatforms & InterfacesSoftwareAPI
Target customers
Transportation & LogisticsTransportation InfrastructureRoad & RailGovernment & CityMunicipalitiesGovernment
Business model
B2GB2B
Highlights
Climate TechVerified
Tags
mobility-optimizationclimate-techmachine-learningtrafficsmart-mobilityapismart-city