Robert Bosch Venture Capital, the corporate venturing subsidiary of industrial group Robert Bosch, led a $17.5m funding round for Switzerland-based mobility analytics platform developer Teralytics on Monday.
DB Digital Ventures, Innogy Ventures and LBBW Venture Capital, respective investment vehicles for rail operator Deutsche Bahn, energy supplier Innogy and state-backed banking group Landesbank Baden-Württemberg, also took part in the round, as did Liil Ventures, Atomico and Lakestar.
Founded in 2012, Teralytics has developed software that enables cities and transport services to analyse mobility data sourced from telecommunications networks by leveraging data science and machine learning technologies.
The company provides the technology to infrastructure developers, transport planners and shared mobility services, and said it will use the capital to expand its international footprint. It was spun out of Swiss university ETH Zurich.
Thomas Thomas, managing director of Innogy Ventures, said: “We are convinced that this exceptional team, with their strong track record in building the leading analytics technology stack, is well positioned to unlock the data the world needs to improve human mobility, both in terms of delivering a better service at lower cost and with minimised environmental impact.”
The company had raised approximately $44m from investors including Lakestar, Atomico and Horizon Ventures as of September 2017, it told TechCrunch, adding that its most recent round had been a series C.