VCs invest $17.5m in Teralytics

The round was led by Robert Bosch Venture Capital (RBVC), the corporate venture capital arm of Germany-based Bosch Group. Other German participants included Innogy Ventures (backed by the German energy company Innogy), Deutsche Bahn Digital Ventures and LBBW Venture Capital. Mexico-City-based Liil Ventures, UK-based Atomico and Switzerland-headquartered VC Lakestar also took part in the round.

Teralytics plans to use the new funding to expand its geographical footprint. It is aiming to cover the journeys of more than one billion people.

According to online website TechCrunch, the startup previously received $44m in funding. Its latest round, a series-C, took place in 2016, according to several press reports. Atomico and Lakestar are historical backers of Teralytics.  

Company
Founded in 2012 and based in Zurich, Teralytics is a software company whose platform provides mass transit analytics thanks to telecoms network data. It partners with mobile network operators to follow people's movement via their mobile devices.

Using data science and proprietary machine learning algorithms, Teralytics helps infrastructure developers, transport planners and shared mobility specialists to understand, predict and improve journeys across multiple modes of transport.

Based in Zurich and with offices in New York and Singapore, the business provides services across 10 countries.

People
Teralytics – Alastair MacLeod (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Technology
• Switzerland
• Atomico