Monday, July 25, 2011

INRIX Raises $37M

Kirkland-based INRIX, the provider of traffic information services, said today that it has raised $37M in a Series D funding round, led by Kleiner, Perkins, Caufield & Byers Green Growth Fund and August Capital. The firm, whose traffic data is used by in-car navigation services and mobile applications, said the funding will go towards global expansion and R&D. INRIX said it did not need to raise capital, but felt that the investment would help it take on new market opportunities. More information »