Traffic Management startup Hayden AI closes $20 mln Series A round

Grit Daily News

This post was originally published by Juan Fajardo at Grit Daily

Hayden AI, a California-based traffic management startup, has closed a $20 million Series A round to expand its autonomous traffic management platform.

The round was led by TYH Ventures with participation from previous investors like Autotech Ventures, BootstrapLabs, and Modern Venture Partners, bringing the total funding raised by the startup since being founded in 2019 to over $30 million. Kolya Miller, Managing Partner at TYH Ventures, referred to the firm’s participation by saying:

“Hayden AI is leading the way in creating smart solutions for cities of the future. Its autonomous traffic management platform enables innovative cities to improve urban mobility and enhance the quality of life of communities by making traffic flow safer and more reliable. The company is spearheaded by a world-class team of experts in data science, transportation, and government technology. We look forward to supporting them as they continue to leverage the combined power of artificial intelligence and IoT to transform and modernize traffic management.”

As car ownership continues to grow, cities around the world have seen the quality of their traffic fleet decline in terms of efficiency, reliability, and safety, creating new challenges for urban cities. The startup has harvested the latest advantages in Artificial Intelligence (AI) and mobile sensors, creating a platform that allows government agencies to exchange traffic management by creating a digital replica of the city’s road system.

The new capital will allow the company to expand its presence in the United States and into other countries, as well as to boost its recruiting efforts across its R&D, Cybersecurity, and customer support teams. Chris Carson, Founder and CEO of Hayden AI, referred to this objective by stating:

“This round led by TYH Ventures will fuel the continued growth and expansion of our autonomous traffic management platform. With this new infusion of capital, we will scale our operations to meet growing national and international demand, capitalizing on big data from connected technologies to address urban city challenges by making traffic flow more safe, reliable, and sustainable.”

As smart cities continue to become more common around the world, harvesting AI and sensor technology have become a priority when it comes to the improvement of urban traffic, security, and planning. The traffic management startup is planning to facilitate the adoption of these technologies to improve the quality of life of millions of people around the world.

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This post was originally published by Juan Fajardo at Grit Daily

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