UpWest Portfolio Company Waycare Raises $2.3M Seed Round

UpWest Labs is excited to announce that Waycare recently closed a $2.3M Seed Round! You can find the official announcement here.

The $2.3M Seed round was led by Spider Capital and Innogy SE, with participation from UpWest Labs, Goldbell Investments, janom, Zymestic Solutions, and SeedInvest.

Waycare is shaping the future of city mobility, optimizing city traffic management by harnessing in-vehicle information for predictive insights. Ultimately, Waycare enables cities to fully control their roads and directly communicate with all vehicles. Waycare’s proprietary deep learning technologies provides cities with predictive analytics and real-time decision making tools, enabling proactive traffic and incident mitigation and dynamic real-time traffic flow optimization. As connectivity and innovation in the automotive industry continue to evolve, Waycare will play a vital role in shaping daily movements within our cities.

UpWest Labs was Waycare’s first investor earlier this year. The company has since grown its team and its operations, including the opening of a California office and successful pilots and customer growth.

We are so excited for the Waycare team, and look forward to many more years of helping the company achieve its goals in revolutionizing smart cities.