Wintics adds funding from Ardian

Wintics, a Paris, France-based software developer, announced raising an undisclosed amount of capital investment.

The deal, which has the financial details undisclosed, was made for a minority equity share with the French private equity giant Ardian in partnership with a group of investors.

Proceeds will be used for scaling the technology as the company looks to expand outside France.

Wintics, founded in 2017 by Levi Viana, uses deep learning algorithms to collect data from fixed cameras installed on roads, buildings and elsewhere in cities, offering solutions to optimize traffic management. The technology notably provides a powerful solution to optimize traffic management, thus reducing congestion and pollution and to monitor and integrate efficiently soft mobility solutions in cities. The technology enables Wintics to provide strategic and actionable insights for mobility operators and public authorities.