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Waycare Technologies provides AI traffic analytics and management software that helps cities improve roadway safety.
Waycare Technologies Ltd. offers a traffic management platform that uses real-time data from cameras and sensors to support accident prevention, congestion reduction, and emergency response, mainly for city municipalities and transportation agencies. It sells on subscription with multi-year contracts. Founded in 2016 in Los Angeles, US, the company is at the Series A stage. Rekor Systems, Inc. acquired it for USD 61.00 mn in a trade sale in August 2021.
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