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Robert Bosch Venture Capital leads USD 17.5 million investment in Teralytics

06.08.2019 12:17
Teralytics Team

Teralytics is building a platform to provide advanced mobility analytics powered by telecom network data. The funding round led by RBVC and joined by Deutsche Bahn Digital Ventures, innogy Ventures as well existing investors Lakestar and Atomico follows a period of growing commercial traction and expansion into more than ten countries.

Teralytics 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 USD 57.46 billion in 2018, at an estimated compound annual growth rate (CAGR) of 15.4 percent from 2013 to 2018.

“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 (picture left). “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.”

Towards an intelligent mobility operating system

Zurich based Teralytics, with offices in New York and Singapore, partners with telecom network operators to solve the challenge of understanding human mobility on population scale with the most accurate indicator of people’s movement – their mobile devices. “It is the one thing everyone has with them at all times”, Alastair points out. Teralytics receives anonymized cell tower signal data and turns them into aggregated mobility behavior of groups of people, thereby being fully compliant with the EU General Data Protection Regulation (GDPR). Teralytics is developing global mobility insights and analytics solutions to better understand how people travel and how new modes of transportation affect the entire transport network.

With the support of RBVC and other strategic investors, Teralytics plans to grow globally to cover more than one billion people’s journeys and become a global marketplace for mobility insights. Deutsche Bahn Digital Ventures, innogy Ventures, LBBW Venture Capital, Liil Ventures, alongside existing investors Atomico and Lakestar participated in the round. “As a leading provider of mobility solutions, we are excited to welcome Teralytics to our portfolio”, says Dr. Ingo Ramesohl, Managing Director at RBVC. “The way people move changes rapidly and we look forward to shaping it together with Teralytics.”

(Press release)
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