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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $7.2M
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First Round
First Round
(19 May 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Waycare | Valuation | SJF Ventures | |
| Oct, 2017 | Amount | Seed - Waycare | Valuation | innogy , Spider Capital | |
| May, 2017 | Amount | Seed - Waycare | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Impact venture capital is invested in early-stage US companies.
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Founded Year | Domain | Location | |
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Early-stage mobility ventures are supported by Next Gear Ventures.
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Founded Year | Domain | Location | |
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JANOM is engaged in investments in renewable energy and electromobility.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Waycare
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Waycare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Waycare Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real-time, historical, and predictive traffic data solutions are provided.
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| domain | founded_year | HQ Location |
Transportation analytics solutions are provided via a data platform.
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| domain | founded_year | HQ Location |
Cloud-based AI analyzes smartphone sensors for mobility insights.
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| domain | founded_year | HQ Location |
Provider of AI-powered mobile perception platform for traffic enforcement
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| domain | founded_year | HQ Location |
Provider of cloud-driven IoT-based real-time traffic monitoring & analytics solution
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| domain | founded_year | HQ Location |
Remix is focused on providing transit planning and scheduling software.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Waycare
Frequently Asked Questions about Waycare
When was Waycare founded?
Waycare was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Waycare located?
Waycare is headquartered in Tel Aviv, Israel.
Who is the current CEO of Waycare?
Noam Maital is the current CEO of Waycare.
Is Waycare a funded company?
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 19, 2017.
What does Waycare do?
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.
Who are the top competitors of Waycare?
Waycare's top competitors include Inrix, Nota and Worldsensing.
What products or services does Waycare offer?
Waycare offers Rekor Discover, Rekor Command, Rekor Scout, Rekor Edge Flex, and Rekor Edge Max.
Who are Waycare's investors?
Waycare has 10 investors. Key investors include Seedinvest, Innogy, Rekor, SJF Ventures, and Next Gear Ventures.
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