Thursday, October 11, 2012

Inrix Planning IPO, Says Report

Kirkland-based traffic information provider Inrix is getting set to file for an IPO, according to a report from the Wall Street Journal. Inrix has apparently hired Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. as its bankers, with plans to raise around $100M in the offering. Inrix is venture backed by August Capital, Bain Capital, Kleiner Perkins Caufield and Byers, and Venrock Associates.