Quantela, an emerging leader in IoT-enabled Smart Cities and urban infrastructure digitization, announced that it has closed approximately $40 million in growth capital for new Outcomes-as-a-Service projects and acquisitions from Digital Alpha, a leading digital infrastructure investment firm.

Headquartered in the USA, with a presence in Europe and Asia, Quantela is the leading and first-of-its-kind Outcomes-as-a-Service (OaaS) company in the space of urban infrastructure digitization that makes cities more liveable, operationally efficient, and socially, economically, and environmentally sustainable for its citizens. The company enables city administrators to deploy citizen-centric technology products that deliver quantifiable outcomes. These include public safety, congestion-free traffic, cleaner environment, improving access to enhanced and inclusive public services as well as helping cities become operationally efficient through cost savings and increased revenue generation. Quantela has more than 100 smart city deployments around the globe and has won several accolades, including the World Economic Forum's 'Technology Pioneers' award in 2019, Minicorn recognition by Tracxn's Top 20 Smart City Start-ups, and CRN's IoT Innovators Award in 2020.