INRIX, a Kirkland, WA-based provider of traffic information and connected driving services in the car, online and on mobile devices, has raised $37m in Series D funding.
Investors include Kleiner Perkins Caufield & Byers (KPCB), Green Growth Fund and August Capital.
The company intends to use the funding to expand its acquisition, expansion and R&D efforts focused on its in-car services and mobile applications businesses.
Led by president and CEO Bryan Mistele, INRIX has developed traffic services that leverage sophisticated statistical analysis techniques, originally developed by Microsoft Research, to aggregate and enhance traffic-related information from hundreds of public and private sources, including traditional road sensors and its network of more than 10 million GPS-enabled vehicles and cellular devices. The company’s real-time and historical traffic information today are available in 22 countries across North America and Europe.
INRIX currently has more than 150 customers and partners including Audi AG, ADAC, ALK, ANWB, Coyote, the Ford Motor Company, I-95 Coalition, MapQuest, Microsoft, NAVIGON, Tele Atlas, Telmap, TeleNav, Texas Transportation Institute and Toyota.
FinSMEs
25/07/2011