Business
NoTraffic Raises $90M Series C Led by PSG Equity to Accelerate Growth and Help Lead the AI-Driven Traffic Management Revolution
NoTraffic, a leading AI-powered mobility platform for traffic management, today announced a $90 million Series C funding round led by PSG Equity, with participation from M&G Investments, Grove Ventures, LifeX Ventures, Meitav Investment House, and Next Gear Ventures. With deployment expected to reach 1 in 10 traffic agencies across the U.S. and Canada by mid-2026, NoTraffic is emerging as a platform cities rely on to operate intersections as dynamic, digital systems rather than static infrastruc
About this update from Meitav Investments House Ltd
[{"type":"text","content":"Already trusted by hundreds of traffic agencies in the U.S. and Canada, NoTraffic is transforming intersections into real-time, software-defined infrastructure","length":159,"tagName":"p","attribs":{}},{"type":"text","content":"OVERLAND PARK, Kan., March 24, 2026 /PRNewswire/ -- NoTraffic, a leading AI-powered mobility platform for traffic management, today announced a $90 million Series C funding round led by PSG Equity, with participation from M&G Investments, Grove Ventures, LifeX Ventures, Meitav Investment House, and Next Gear Ventures. With deployment expected to reach 1 in 10 traffic agencies across the U.S. and Canada by mid-2026, NoTraffic is emerging as a platform cities rely on to operate intersections as dynamic, digital systems rather than static infrastructure.","length":561,"tagName":"p"},{"type":"text","content":"As traffic infrastructure reaches its limits, cities are being forced to manage rising congestion, safety expectations, and operational complexity with fewer resources. With deployments spanning nearly every major U.S. region and Canada, NoTraffic will focus on accelerating its rollout across North America while broadening its portfolio of software-based mobility applications, enabling cities to seamlessly address congestion, safety, and operational challenges with greater flexibility, speed, and scale.","length":508,"tagName":"p"},{"type":"text","content":"Traffic agencies today are under growing pressure to manage increasingly complex environments with shrinking teams. Agencies are understaffed, while traffic patterns become less predictable, increasingly congested, and public expectations continue to rise.","length":256,"tagName":"p"},{"type":"text","content":"NoTraffic addresses this gap by transforming traditional traffic signals into software-defined infrastructure, effectively turning them into digital assets. This allows agencies to operate intersections through customized policies that improve safety and efficiency, support advanced mobility use cases, and seamlessly integrate with connected and autonomous vehicles as transportation ecosystems evolve.","length":404,"tagName":"p"},{"type":"text","content":""Phoenix is a fast-growing city, and our transportation infrastructure must keep pace. By deploying NoTraffic's AI-driven platform, we've delivered measurable improvements, imp...