Quantela provides Outcomes-as-a-Service (OaaS) for urban infrastructure digitization, delivering IoT-enabled smart city solutions to city administrators. Its platform enables deployment of citizen-centric technologies that target outcomes such as public safety, congestion-free traffic, cleaner environments, and improved access to inclusive public services. The company positions its solutions to help cities become operationally efficient through cost savings and increased revenue generation. Headquartered in the USA with a presence in Europe and Asia, Quantela has completed more than 100 smart city deployments globally. It has received recognition including the World Economic Forum's Technology Pioneers award (2019), Tracxn Minicorn recognition, and CRN's IoT Innovators Award (2020). Quantela announced approximately $40 million in growth capital to support new OaaS projects and acquisitions. Quantela, founded in 2014 by CEO Sridhar Gadhi, provides Atlantis, an AI platform for smart city automation. Atlantis uses data aggregation, operational intelligence, deep learning and machine learning to process large volumes of real-time and historical data from IoT, open data sources and operational technology. The platform helps urban service providers, cities and communities make informed operational and planning decisions. Quantela has delivered and deployed Atlantis to dozens of cities and communities, including some 40 sites across the US, Europe and Asia, and has key contracts around the world. The company raised $10m in equity and intends to use the funds for market expansion in strategic locations across the United States and Europe.

Total raised

$50M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2021