Swiftly, Inc., a leading transit data platform, has announced it has secured $10.0 million in new investment capital. This funding round underscores investor confidence in Swiftly's technology and its mission to modernize public transportation systems globally. The company provides a comprehensive platform that enables transit agencies to share real-time passenger information, manage day-to-day operations, and significantly improve service performance.
Currently, Swiftly's platform is utilized by over 200 transit agencies across 12 countries. Notable clients include major metropolitan systems such as LA Metro, MARTA, SEPTA, MBTA, and WMATA. These agencies leverage Swiftly's solutions to achieve substantial operational improvements, including enhancing on-time performance by up to 40%, increasing passenger information accuracy by up to 50%, and accelerating transit data analysis by 90%. The result is improved service reliability, increased ridership, and more efficient transit operations for millions of daily commuters.
The newly raised capital will be strategically deployed to accelerate Swiftly's product development roadmap, expand its market presence into new regions, and scale its operational infrastructure to support its growing customer base. This investment is intended to further strengthen Swiftly's capabilities in delivering advanced data solutions that address the evolving needs of urban mobility.
Looking ahead, Swiftly aims to continue its trajectory of innovation and growth. The company is focused on enhancing its platform to empower more transit agencies to deliver superior service reliability and operational efficiency, ultimately contributing to a more connected and sustainable public transit future.
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