Monday, October 29, 2007

INRIX Raises $15M in Series C Venture Funding

INRIX Traffic Solutions, a provider of traffic-flow data and analysis, announced Monday that it has raised $15M in a third round of venture financing. INRIX said previous investors August Capital, Bain Capital Ventures and Venrock with led the effort. INRIX said it will use the funds for growth and deployment. INRIX is headquartered in Kirkland, Washington and provides systems used for real-time monitoring of traffic and road conditions. The round brings the company's total venture capital raised to $31.1M. More information »