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Swiftly is raising $10million Series A which can power real-time transit data in different cities



Swiftly is raising $10million Series A which can power real-time transit data in different cities

Swiftly has just collected $10 million Series A round which was led by VIA ID, Wind Capital, Aster Capital, and renewal funds which were used as a business service for different cities transportation agencies. It is mainly done by helping the cities manage their transit system and for the identification of the routes and schedules that create a negative impact on efficiency and reliability.

Swiftly also gives real-time information to the passengers, which says:

 “predict when the bus will arrive in a way that is much more accurate than the current system.”

It was stated by CEO and co-founder named Jonny Simkin. According to him, Swiftly is walking towards accuracy.

He also added that:

 “It’s one thing to tell someone their bus is 10 minutes delayed, but if we can get to the root of the problem, it’s better for the city and stimulates the economy.”

When the data platform is of Swiftly comes to gather information, they also analyze the previous data. They also rethink about those route planning.

In different cities, the insights are used to lead customers to lead the processes which can change the signal into green when a bus is running behind its schedule.

Swiftly is working as a background software. It allows different types of transportation companies to manage their fleets which can be offered to their employee riders.

Simkin also added in this that:

 “They buy our platform because they want to improve the passenger experience, and improve service reliability and efficiency.”

One of the clients of Swift is the Santa Clara Valley Transportation Authority. The CIO of this organization named Gary Miskell has already said that Swiftly is the organization’s early innovative partner.

Miskell also added in a statement that:

 “With Swiftly’s innovative product development, VTA has been able to improve our real-time information accuracy and provide cutting edge data to our planning and operations staff thus improving our transit system performance.”

Their plan is to expand its business to different cities of the world.

Simkin said:

 “Public transit is very important to our communities and cities and it’s something that needs to be more efficient.” And she also added that “Public transit is this extensive piece of the community and there to serve everyone, but often times those tools fall short.”