Bosch Leads Investment in Teralytics

Robert Bosch Venture Capital is leading a $17.5 million investment in Teralytics. The Swiss software company is building a platform to provide advanced mobility analytics powered by telecom network data.

It uses proprietary artificial intelligence to extrapolate insights, anonymized and aggregated. This enables customers such as mobility providers, cities and transport services to understand, predict and improve people’s journeys.

A study conducted by MarketsandMarkets on the “Transportation Systems and Analytics Market“ has estimated this market at $57.46 billion in 2018, at an estimated compound annual growth rate (CAGR) of 15.4 percent from 2013 to 2018. Together with RBVC, other strategic and financial investors participating in the round include Deutsche Bahn Digital Ventures, innogy Ventures, LBBW Venture Capital, Liil Ventures, alongside existing investors Atomico and Lakestar.

“As a leading provider of mobility solutions, we are excited to welcome Teralytics to our portfolio“, says Ingo Ramesohl, Managing Director at RBVC. “The way people move changes rapidly and we look forward to shaping it together with Teralytics.“

“Simply throwing new modes of transportation at challenges such as congestion, traffic safety, crowded public transportation and long wait times, without a thorough understanding of how all people travel, is not delivering the desired results,“ says Alastair MacLeod, CEO at Teralytics.

“There is a need for unbiased, all-encompassing insights into people’s journeys across all modes of transportation, in real-time. Human mobility is changing beyond recognition. The next ten years will bring a seismic shift in mobility technologies, comparable to the impact that transistor and personal computer advancements had on miniaturization and digitalization,“ added MacLeod.