Galway-based CitySwift secures €7m in funding led by Gresham House Ventures for its AI-powered public transport performance optimisation platform, experiencing a 150% customer base increase in a year.

CitySwift, a Galway-based provider of mobility intelligence software for the public transport sector, has secured €7 million in funding during its latest funding round, led by Gresham House Ventures. The company plans to use the investment to double its workforce over the next two years, accelerate platform development, and scale end-to-end client services. CitySwift's platform uses AI-powered analytics, simulations, and optimization to improve the performance of public transport networks and has partnerships with major transport providers like the New York Metropolitan Transportation Authority, National Express West Midlands, and Transport for Wales.

February 01, 2024
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