Business · Companies · 3 hrs ago

Alchera Technologies raises £2.7m to improve transport planning

Alchera Technologies raises £2.7m to improve transport planning

Cambridge-founded Alchera Technologies has raised £2.7m in seed funding for its transport data business.

The British Business Bank’s South West Investment Fund led the round with a £2m investment, alongside several other investors.

Founded in 2016, the UK company works with local authorities, road operators and their advisers on road and bus network decisions.

Its platform combines transport and other data to show how networks are performing and where action may be needed.

Alchera says its technology can cut analysis time from weeks to seconds, helping decision-makers use a fuller picture when planning transport infrastructure.

Its customers include councils in Lancashire and York, and the company says better-informed decisions can reduce disruption from roadworks and support more reliable networks.

What people are saying

Anna JordanCo-founder and CEO of Alchera Technologies
Right now, these decisions often take weeks; despite the necessary data existing, it’s scattered across systems, formats and teams.
via Tech.eu

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