Vivacity London Uses AI to Make Cities Safer
Vivacity Labs secures £5million funding to double headcount and improve traffic insights with artificial intelligence.
19:48 24 February 2021
Vivacity Labs, a London-based firm that specialises in creating smart cities, has recently secured £5million funding in Series A round led by Mobeus.
The new funding will be used to hire additional employees and further improve the firm’s AI-based traffic signal system with the goal to prioritise sustainable modes of transports on UK roads and reduce congestion. Rob Stait, who has 20 years of experience in growing technology businesses, has joined the company as UK Sales Director and will play a crucial role in its expansion plans.
Founded in 2015, Vivacity has been helping transport managers explore various solutions to congestion and improving safety on the roads. The initiatives have seen AI sensors and ‘smart junctions’ installed across the UK designed to gather data on transport modes, travel patterns and traffic flow, among others.
Mark Nicholson, CEO of Vivacity Labs, said: “These are incredibly exciting times for Vivacity Labs, and the investment will support our objective to enhance and optimise traffic systems everywhere,”
“This has been a challenging year for transport and commuters, but it’s great to see positive initiatives such as active travel now being prioritised. I’m proud of our team who have developed some first-of-its-kind technology which has untold potential.”