Inrix provides transportation analytics and connected car services, leveraging artificial intelligence and machine learning to deliver accurate, actionable mobility insights. Its suite of solutions supports planning future roadways, reducing emissions through improved traffic signal timing, developing safety action plans, and optimizing last-mile delivery. The company is led by CEO Bryan Mistele. Inrix completed a $70M financing to support its operations. It intends to use the funds to accelerate strategic growth initiatives, refinance debt, and further strengthen its position in the intelligent mobility industry. Inrix, led by president and CEO Bryan Mistele, provides transportation information, predictive traffic technologies and analytics to automakers, fleets, governments and news organizations. The company reaches more than 150 million drivers via its in-car and smartphone navigation applications, local newscasts and its Traffic app. Inrix leverages big data analytics to reduce the individual, economic and environmental toll of traffic congestion and delivers traffic- and driving-related insight and analytical tools. The company raised $10M from Intel Capital, an investment led by Intel Capital Director Venu Pemmaraju. As part of the funding, Inrix announced a strategic collaboration with Intel to develop smart cities analytics platforms and applications. The firms demonstrated a smart cities application for San Jose to monitor air quality, manage population growth and reduce congestion, and Intel has licensed Inrix data to power its Enterprise LBS platform while Inrix is making its APIs available to Intel’s ecosystem via Mashery. Inrix is a Kirkland, WA–based global provider of transportation information, analytics and driver services for the connected car and smart cities. Its core product is the INRIX Traffic Intelligence platform, which continuously analyzes real-time data from a variety of sources, including a crowd-sourced network of more than 175 million vehicles and devices. The platform currently provides real-time traffic information for 6.4 million kilometers (4 million miles) of roads across 40 countries and serves automakers, fleets, governments and news organizations. In September 2014 the company raised a $55M investment, with Porsche Automobil Holding SE acquiring an approximately 10% stake. The transaction included purchases of both primary and secondary shares. In connection with the investment, Philipp von Hagen will join Inrix's board of directors. The company is led by president and CEO Bryan Mistele. Inrix aggregates and crowdsources real-time traffic information from more than 30 million sources, enhancing and selling that data to mobile app developers and websites. Its fusion engine and APIs are designed for easy partner integration; with Google the company moved from contract to implementation in under 45 days and initial integration covered eight countries. Inrix offers data across 22 countries in North America and Europe and reaches more than 100 million users. Partners include Audi, Ford, MapQuest, Microsoft, Tele Atlas, Toyota and a range of other automotive, navigation and transportation organizations. The company recently raised $37 million from Kleiner Perkins and August Capital. An independent University of Maryland test found Inrix's real-time traffic information accurate within 5 mph of actual traffic speeds over 90% of the time, and the Google deal—while non-exclusive—was described in the article as a potentially significant revenue boost.

Total raised

$172M

Funding rounds

4

Latest round

Equity

Latest activity

Aug 2023