[Press Release]

May, 04th, 2018 – Palo Alto, CA – Waycare is excited to announce that it has been selected as a “2018 TiE50 Winner” for the prestigious TiE50 Awards Program recognizing the world’s most innovative tech startups. This awards competition is part of Tie Inflect 2018, the world’s largest conference for tech entrepreneurs.

“It’s an honor to be named a winner of the 2018 Tie50 award of top technology start-ups”, said Idan Hahn co-founder and CTO of Waycare. “This is a nice acknowledgment the hard work the whole team has done and the successes we’ve witnessed over the last year.”  

Waycare’s platform enables municipalities to capitalize on the enormous amount of data coming from various transportation modes, including connected and autonomous vehicles, to improve traffic safety and proactively manage the city’s roads. The system analyzes and synthesizes the data with proprietary deep learning technologies for predictive insights and proactive traffic management optimization. This layer of AI provides the city with the tools to conduct data-driven traffic management decisions.

“TiE50 has become a global brand that attracts thousands of tech startups worldwide. This year, we screened more than 7400 companies from 28 countries and selected the best-of-breed as our “2018 TiE50 Finalists”. These companies are finalists in the ultimate runoff for the 50 winners. Our program has gained notoriety over the past decade as a competition run with the highest level of integrity and vigorous screening and judging by domain experts”. – Kamal Anand, TiE50 Program Chair

“As a 26-year not-for-profit dedicated to fostering entrepreneurship and with a global footprint of half million entrepreneurs, enterprise executives, and investment professionals, we pride in the fact that we are one of very few competitions without any pay-to-play incentives” Ram K. Reddy, President, TiE Silicon Valley.

About Waycare

Waycare’s cloud-based platform is shaping the future of city mobility, enabling cities to take full control of their roads by harnessing in-vehicle information and municipal traffic data for predictive insights and proactive traffic management optimization. The company has offices in Tel Aviv, Israel, and Silicon Valley, and is backed by leading venture capital funds in the U.S., Europe and Israel. http://waycaretech.com/

About TiE Inflect 2018:

TiE Inflect (previously TiEcon) is the world’s largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global services providers. TiEcon 2017 attracted 5400+ attendees from across the world – including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. The conference was listed by Worth Magazine as one of the 10 best conferences for ideas and entrepreneurship along with TED and the World Economic Forum. For more information, please visit http://www.tieinflect.org.

About TiE:

The Indus Entrepreneurs (TiE) is a not-for-profit founded in 1992 in the Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals. TiE is the world’s largest network of tech entrepreneurs. We are a cohesive global network with a footprint of half million entrepreneurs, enterprise executives, investment professionals, and other accomplished individuals. We operate from 60 cities in 16 countries. http://www.tieeco.org.