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Optibus, a producer of software that optimizes train and bus scheduling, announced a new round of financing that gives it a $1.3 billion valuation, which it says makes it the first unicorn dedicated to the public transportation sector.

Optibus, which uses AI to help public transportation bodies and their mass transit partners plan and operate their networks, has raised $100 million, funding that it will be using to continue expanding its product set and wider business footprint.

Funding accompanies the launch of Ridership Insights, which helps planners redesign transportation systems to increase ridership and ‘build back better’.

The startup started off as an intellectual challenge but is now active in over 1,000 cities.

Today, Optibus announced its acquisition of Trillium, a SaaS provider helping transit operators and agencies keep riders informed.

Optibus CEO and co-founder Amos Haggiag speaks about Optibus' project in Uganda and bringing green public transport to African countries.

Route and roster planner gets into passenger info management with SaaS firm buy.

Amos Haggiag, co-founder and CEO of Optibus, said the acquisition brings together the global reach of Optibus, based in Tel Aviv, Israel, with the North American client base of Trillium, which is headquartered in Portland, Oregon.

TMC will execute the bus project by combining Optibus’ software platform with SCINTL’s IT infrastructure.

Optibus has opened a research and development (R&D) center in Berlin, which will also operate as Optibus’ DACH headquarters.