Swiftly raises $ 10M to improve transit user experience

To Category Vie de nos startups

Posted on 12 June 2019

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Swiftly raises $ 10M to accelerate the development of the urban mobility operating system for connected cities

Swiftly  raises $ 10 million in Serie A alongside its long-standing investor Via ID, as well as Aster Capital and Renewal Funds.

 

This Series A financing comes at a critical time for Swiftly, which is growing by 300% each year and now works with over 50 transportation networks around the world, including MBTA in Boston, Capital Metro in Austin, VTA in San Jose and MDOT MTA in Baltimore.

What Does Swiftly offer ?

Swiftly has created the first platform specifically designed for transportation data and operations. With Swiftly, transit professionals can easily manage the efficiency of their transit systems in new ways, finding the exact points in their schedules and routes dragging down operational efficiency and service reliability. And unlike legacy transit software, Swiftly is quick, easy to understand, and focused on rider impact. 

 

Today, the startup works with more than 2,500 transit professionals and reaches more than a billion passengers a year.

 

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

 

Gary Miskell, Chief Information Officer at Santa Clara Valley Transportation Authority (VTA) in San Jose, California

Develop innovative solutions to improve the transit user experience

This new investment will enable the company to develop innovative solutions to improve efficiency, reliability and simplify the transit experience, particularly by exploring ways to connect them to new forms of mobility in cities.

The platform includes a suite of APIs that enable public transportation networks to connect and integrate with infrastructure and other forms of transportation.

 

It’s our vision to start exploring ways to connect public transportation to all forms of mobility within cities. Connecting and coordinating disparate travel modes is a critical next step to ultimately make cities move efficiently.

 

Jonny Simkin, co-founder and CEO of Swiftly

 

Working with Swiftly over the past two years, we have been incredibly impressed by the product, strategy and team momentum. This is a huge, untapped market waiting to be disrupted and we are excited to partner with Swiftly as they embark on their mission to make transportation more efficient and modern.

 

Xavier Gury, International Investment Manager at Via ID