Category: moovit

Intel buys transit app maker Moovit to advance its mobility ambitions

Post author By Randall
Post date May 4, 2020
Categories In acquisition, Autonomous Vehicles, gear, Intel, mobileye, Mobility, moovit, News, robotaxis, Tech, transit

[ad_1] Today, Intel announced that it has acquired the transit app developer Moovit for nearly roughly $900 million, confirming rumors that circulated over the weekend. Used by more than 800 million users and services in over 3,000 cities and 102 countries, Moovit combines info from public transit operators and its user community to provide real-time […]

Intel is reportedly close to buying transit app creator Moovit

Post author By Randall
Post date May 3, 2020
Categories In acquisition, app, apps, autonomous, business, gear, Intel, mass transit, moovit, News, public transport, public transportation, self-driving, self-driving car, Tech, traffic

[ad_1] It’s easy to see why Intel would be interested in Moovit, and not just because of existing financial backing. The startup uses a mix of AI and data analytics to monitor real-time traffic and offer transit directions to roughly 800 million people. That could be valuable for robotaxis and other driverless vehicles that need […]