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    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.
    posted on Monday, October 29, 2007 (Link to more information)


    Related companies:
    Inrix

    Related stories:
    > INRIX Ties Into TomTom
    > Inrix Finds $10M
    > INRIX Adds Windows Traffic App
    > Inrix Broadens Traffic Coverage
    > INRIX Debuts Traffic Reporting Tool
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