London-based Vivacity Labs bags £5M to improve traffic insights with AI

Vivacity Labs a London-based company aiming to make cities smarter, safer, and more sustainable through AI, has secured £5 million funding in Series A round. The round was led by Mobeus, with additional funding from existing investors Downing Ventures and London Co-Investment Fund.

How will the funding be used?

The investment will be used to expand Vivacity Labs’ AI-based traffic signal system, which reduces congestion and allows cities to prioritise sustainable modes of transport, such as cyclists and buses. 

The company is also planning to double its headcount and expand into Northern Europe and Australian markets. 

As part of its expansion plans, Vivacity Labs has recently appointed Rob Stait as UK Sales Director, previously of AppyWay, and 20 years’ experience in growing technology businesses.

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