Optibus inks $40 mln Series B

Tel Aviv-based Optibus, a provider of software-as-a-service platform that modernizes mass transit for transportation operators, has raised $40 million in Series B financing. Insight Venture Partners led the round with participation from other investors that included Alibaba Group, Verizon Ventures, Pitango Venture Capital, New Era Capital and Sir Ronald Cohen.

Source: Press Release