Neology builds a Mobility Platform™ that combines AI-powered adaptive solutions with lifecycle support to modernize tolling, enforcement, and smart mobility for cities and transportation operators. Its product set includes electronic toll collection and enforcement systems and an enforcement platform based on AI and deep learning. The company emphasizes integration with existing infrastructure and a partner ecosystem to deliver contactless payments, account management, and real-time notifications. Neology intends to expand its presence in Latin America and pursue inorganic growth opportunities. The business says the new capital will support expansion and accelerate growth, particularly across Mexico and South America. Neology is headquartered in San Diego.

Total raised

$50M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2021