About Waycare
Waycare is a Technology company based in Tel Aviv (Israel) founded in 2016 by Shai Suzan and Idan Hahn, and was acquired by Rekor in August 2021. Provider of an AI and cloud-driven traffic management software. It operates in the Technology and Transportation, Automotive & Logistics sectors. Waycare has raised $10.07 million across 3 funding rounds from investors including Seedinvest, Innogy and Rekor. Its chief executive, as recorded, is Noam Maital. Waycare offers products and services including Rekor Discover, Rekor Command, Rekor Scout, Rekor Edge Flex, and Rekor Edge Max. Its focus areas include High Tech, Smart Cities, Smart Mobility and Traffic Management. Its legal entity is Rekor Systems, Inc.
Company details
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.
- Headquarters Tel Aviv, Israel
- Founders Shai Suzan, Idan Hahn
- Stage Acquired
- SectorsTechnologyTransportation, Automotive & Logistics
- Phone•••• ••••
- Website waycaretech.com
- Social LinkedIn X
- Acquired by Rekor (Aug 2021)
- Legal Name Rekor Systems, Inc.
- Total Equity Funding$10.07M (USD)
in 3 rounds
- Latest Funding Round$7.25M (USD), Series A
Oct 2019
- InvestorsSeedinvest
& 9 more
- Acquired byRekor
(Aug 2021)
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
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.
- Total Funding $10.07M
- Total Rounds 3
- Last Round Series A — $7.25M
- First Round $515,000
(May 2017)
- Investors Count 9
All 3 funding rounds of Waycare with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $7.25M | Series A | – | SJF Ventures | |
| Oct 2017 | $2.3M | Seed | – | innogy, Spider Capital | |
| May 2017 | $515,000 | Seed | – | – | – |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact venture capital is invested in early-stage US companies. | sjfventures.com | Durham, United States | ||
Early-stage mobility ventures are supported by Next Gear Ventures. | nextgear.fund | Tel Aviv, Israel | ||
JANOM is engaged in investments in renewable energy and electromobility. | janom.com | Bratislava, Slovakia | ||
Venture capital funding is provided by UpWest to tech startups. | upwest.vc | Palo Alto, United States | ||
Venture capital firm focused on SaaS companies | spidercapital.com | San Francisco, United States | ||
Power and gas are generated, transmitted, and distributed across Europe. | 2016 | innogy.com | Essen, Germany | |
GIS solutions are developed and implemented by Zymestic Solutions. | zymestic.sk | Bratislava, Slovakia | ||
Goldbell is recognized as a market leader in industrial vehicles distribution and leasing in Singapore. | 1980 | goldbell.com.sg | Singapore, Singapore | |
Startups are connected to investors via equity and revenue-based crowdfunding. | 2012 | seedinvest.com | New York, United States | |
Developer of an AI-enabled platform providing traffic monitoring and a license plate recognition system | 1996 | rekor.ai | Columbia, United States |
Investor details for Waycare
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Waycare
15 people are tracked at Waycare (4 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Shai Suzan | Co-Founder & CIO | Leadership |
Idan Hahn | Co-Founder & CTO | Leadership |
Noam Maital | CEO | Leadership |
Paul-Matthew Zamsky | Head of Strategic Partnerships | Leadership |
Avi Puder | Lead Software Developer | Team |
Dor Peled | Frontend Engineer | Team |
Shmuel Koyas | Software Engineer | Team |
Sameer Singh | Software Engineer in Test | Team |
Maayan Zarihan | QA Engineer | Team |
Rebecca Song | Customer Success Specialist | Team |
Natalie Vainer Benaiah | Product Manager | Team |
Ofir Shefer | Frontend Team Lead | Team |
Yoni Ben Shitrit | DevOps Engineer | Team |
Michael Treser | Frontend Developer | Team |
Rimon Halperin | Senior Front-end Developer | Team |
Complete people profiles for Waycare
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Waycare
4 dated milestones of Waycare across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Waycare is founded.
- Funding First funding round of $515K.
- Funding Latest funding round, Series A, of $7.2M.
- Exit Acquired by Rekor.
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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 CEO of Waycare, as recorded in our data.
Waycare is a funded company, having raised a total of $10.07M across 3 funding rounds to date. The company's 1st funding round was a Seed of $515K, raised on May 2017.
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 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.
Waycare operates through Rekor Systems, Inc..
Yes. Waycare was acquired by Rekor in August 2021.