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Corporation
zymestic.sk

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Investments

2

Portfolio Exits

1

About Zymestic Solutions

Zymestic Solutions is a provider of geographic information systems (GIS) on the Slovak market focusing on specialized solutions for the acquisition, processing, and visualization of (though not only) spatial data.

Zymestic Solutions Headquarter Location

Ružinovská 44

Bratislava, 821 03,

Slovakia (Slovak Republic)

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Latest Zymestic Solutions News

SJF Ventures Invests in Waycare

Jun 4, 2020

Los Angeles, California, October 3, 2019  / PRWeb / – Today  Waycare , an AI-based connected mobility platform for transportation agencies, announced that it has raised $7.25 million in Series A funding led by  SJF Ventures , with participation from  UpWest ,  Next Gear Ventures ,  Innogy ,  Spider Capital ,  Goldbell ,  Zymestic Solutions , and janom. The new funding will drive Waycare’s expansion efforts in North America and Europe, along with enhancements to its cloud-based platform. In addition to the new round of investment, Waycare announced that Jim Ray will be joining its Board of Directors. Mr. Ray is the former Senior Advisor to USDOT Secretary Elaine Chao, bringing decades of experience in transportation and infrastructure policy. Dan Geballe, Partner at SJF Ventures, also joined the Waycare Board. Founded in Israel and with a Los Angeles office, Waycare is an AI and cloud-based platform that empowers transportation agencies to make smarter decisions related to traffic management and traffic safety. Waycare leverages vast amounts of data coming from the existing transportation network and in-vehicle data sources to provide actionable new insights. Waycare’s first commercial deployment with Southern Nevada in 2017 demonstrated improvements in reducing both primary and secondary crashes, also improving response times and multi-agency communication. Since then, Waycare has expanded to Florida, Ohio, and other states across the United States. Waycare plans to expand its services in Europe and Israel in 2020. “Transportation agencies across the world are grappling with the burden of improving traffic safety and congestion that affects their city’s residents, while at the same time meeting the demands of rapid changes in the mobility sector,” said Noam Maital, CEO of Waycare. “Waycare is fortunate to be at the crossroads of serving the public sector while partnering with the wider mobility ecosystem to help cities and states build the next generation of transportation operating systems.” Waycare’s continued growth is, in part, due to its ability to provide decision-makers with tangible insights quickly, and without requiring costly changes to existing infrastructure. Jim Ray noted that “As someone who has been working in the public sector for many years, what is exciting about Waycare is that they can be a key to enabling the public sector to adapt to the changes that are coming our way.” While Waycare continues to work with transportation agencies to prevent crashes and enable smarter traffic management decisions, it also serves as the foundation for future adoption of new mobility solutions such as autonomous vehicles, microtransit, scooters, and advanced public transit. “Over the past decade, we’ve seen a transformation not only in the amount of data coming from various mobility modes such as connected vehicles, but also in the advancement of artificial intelligence technologies to interpret and learn from data,” said Dan Geballe, Partner at SJF Ventures. “Waycare is a prime example of how AI can be deployed in the public sector to better leverage data and existing infrastructure to improve outcomes–in this case reducing traffic, injuries, and deaths on the roads.” About Waycare Waycare is a cloud-based SaaS platform harnessing data from sources such as GPS navigation apps, connected vehicles, and infrastructure to provide actionable insights which improve traffic and safety management operations. Using Artificial Intelligence (AI), Waycare provides predictive insights to identify dangerous roads where future crashes are likely to occur, empowering proactive decision-making. Waycare is shaping the future of urban mobility, enabling cities to take full control of their roads and directly communicate with other departments and vehicles throughout their transportation networks.

Zymestic Solutions Investments

2 Investments

Zymestic Solutions has made 2 investments. Their latest investment was in WayCare Technologies as part of their Series A on October 10, 2019.

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Zymestic Solutions Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/3/2019

Series A

WayCare Technologies

$7.25M

No

4

10/30/2017

Seed VC

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$99M

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10

Date

10/3/2019

10/30/2017

Round

Series A

Seed VC

Company

WayCare Technologies

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Amount

$7.25M

$99M

New?

No

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Co-Investors

Sources

4

10

Zymestic Solutions Portfolio Exits

1 Portfolio Exit

Zymestic Solutions has 1 portfolio exit. Their latest portfolio exit was WayCare Technologies on August 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/9/2021

Acquired

$99M

4

Date

8/9/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

4

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