Artificial Intelligence company improving traffic insights and safety
Vivacity Labs works with national government, regional bodies and local councils to re-think and optimise the way traffic and transport infrastructure is built and used. The technology provides anonymous, highly accurate data to deliver real-time insight into road networks and infrastructure and is at the forefront of developments of smart cities, active travel and autonomous vehicles.
Mobeus led the £5 million Series A investment, with funding from existing investors Downing Ventures and London Co-Investment Fund.
Vivacity Labs plans to double its headcount and is recruiting for roles across the company. The company is also seeing strong international demand. This year it will expand into countries including the Nordics, Benelux, and Australia. Transport for Greater Manchester is already a key partner. The Greater Cambridge Partnership, in conjunction with Cambridgeshire
County Council, has also chosen to pilot this intelligent technology.
“This investment will support our objective to enhance and optimise traffic systems everywhere. It’s great to see positive initiatives such as active travel being prioritised. I’m proud of our team who have developed some first-of-its kind technology which has untold potential.”
Mark Nicholson, Vivacity Labs CEO