Vivacity Labs raises £3m to fast-tack traffic-easing tech and help driverless cars

May 17, 2017 · http://startups.co.uk/

Vivacity

The investment included a £1.7m project grant from Innovate UK and £1.6m from Tracsis, Downing Ventures and the London Co-Investment Fund.

Vivacity Labs, the AI tech start-up which seeks to ease traffic jams and ensure safer driving conditions for driverless cars and cyclists, has raised over £3m in funding.

Of the total figure, £1.7m comes via a project grant from Innovate UK, while Tracsis, Downing Ventures and the London Co-Investment Fund backed £1.6m between them.

Based in London, Vivacity Labs creates sensors with built-in machine learning – which help identify individual road users and manage traffic accordingly.

By use of a camera, the sensors will be able to give green-light priority to cyclists, buses or ambulances, help make Lorry drivers aware of other road-users, and alert driverless cars of crossing pedestrians.

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