Mobility Analytics Startup Teralytics Raises $17.5M

Mobility Analytics Startup Teralytics Raises $17.5M Image Credit: Narith Thongphasuk/Bigstockphoto.com

Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, is leading a USD$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.

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. 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.

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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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