About Waycare
Waycare is a company based in Tel Aviv (Israel) founded in 2016 by Shai Suzan and Idan Hahn was acquired by Rekor in August 2021. Waycare has raised $10.07 million across 3 funding rounds from investors including Seedinvest, Innogy and Rekor. Waycare offers products and services including Rekor Discover, Rekor Command, Rekor Scout, Rekor Edge Flex, and Rekor Edge Max. Waycare operates in a competitive market with competitors including Inrix, StreetLight, Anagog, Hayden AI and Worldsensing, among others.
- Headquarter Tel Aviv, Israel
- Founders Shai Suzan, Idan Hahn
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Sectors
TechnologyTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Rekor Systems, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.07 M (USD)
in 3 rounds
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Latest Funding Round
$7.25 M (USD), Series A
Oct 03, 2019
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Investors
Seedinvest
& 9 more
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Employee Count
Not available
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Acquired by
Rekor
(Aug 09, 2021)
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Products & Services of Waycare
Waycare offers a comprehensive portfolio of products and services, including Rekor Discover, Rekor Command, Rekor Scout, Rekor Edge Flex, and Rekor Edge Max.
Captures traffic and vehicle analytics for smart city applications
Identifies roadway events and risks for safer traffic control
Detects vehicles and license plates for security purposes
Handles short-term traffic studies on high-speed roads
Provides long-term roadway data for traffic analysis
People of Waycare
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Funding Insights of Waycare
Waycare has successfully raised a total of $10.07M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.25 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Waycare
Waycare has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Seedinvest, Innogy and Rekor.
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Impact venture capital is invested in early-stage US companies.
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Early-stage mobility ventures are supported by Next Gear Ventures.
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JANOM is engaged in investments in renewable energy and electromobility.
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Investor details for Waycare
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Investments & Acquisitions by Waycare
Investment portfolio details for Waycare
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Financial Statements - Waycare
Detailed financials for Waycare
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Waycare Comparisons
Peer comparison for Waycare
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Competitors of Waycare
Waycare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Inrix, StreetLight, Anagog, Hayden AI and Worldsensing, among others.
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Real-time, historical, and predictive traffic data solutions are provided.
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Transportation analytics solutions are provided via a data platform.
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Cloud-based AI analyzes smartphone sensors for mobility insights.
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Provider of AI-powered mobile perception platform for traffic enforcement
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Provider of cloud-driven IoT-based real-time traffic monitoring & analytics solution
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Remix is focused on providing transit planning and scheduling software.
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Detailed competitors of Waycare
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Latest news on Waycare
Complete news archive for Waycare
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Frequently Asked Questions about Waycare
Waycare was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Waycare is headquartered in Tel Aviv, Israel.
Noam Maital is the current CEO of Waycare.
Waycare is a funded company, having raised a total of $10.07M across 3 funding rounds to date.
Waycare was founded in 2016 in Tel Aviv, Israel, as a provider of AI and cloud-based solutions in the traffic management sector. Data from sensor networks, crowdsourced inputs, and other sources is integrated to generate predictions on traffic flow, congestion, and accident risks. A decision support system is included to assist city authorities in planning and preventive actions. Operations focus on enhancing urban mobility through data analytics.
Waycare's top competitors include Inrix, Nota and Worldsensing.
Waycare offers Rekor Discover, Rekor Command, Rekor Scout, Rekor Edge Flex, and Rekor Edge Max.
Waycare has 10 investors. Key investors include Seedinvest, Innogy, Rekor, SJF Ventures, and Next Gear Ventures.