Virtual Traffic Lights (VTL), LLC was founded in 2010 by Prof. Ozan Tonguz of Carnegie Mellon University (CMU), along with co-founders Dr. Michel Ferreira and Dr. Luis Damas of the University of Porto, as a CMU spinoff targeting to solve some of the acute transportation problems of our times by using vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications paradigms based on the emerging Dedicated Short Range Communications (DSRC) technology at 5.9 GHz in addition to other 2G, 3G, and 4G wireless and cellular technologies. The proprietary technology (U.S. Patent pending) developed by VTL is proven to increase the traffic flows in urban areas by 60% during rush hours which seems pretty significant and revolutionary. Such an improvement has serious implications in terms of reducing the commute time of urban workers, mitigating congestion, lessening carbon footprint of cars, increasing productivity, and supporting a greener environment. In addition, the proposed technology and the core invention of VTL will be an indispensable building block for the ongoing research efforts on autonomous driving.