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July 25, 2011 07:57 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HuYgN2rLhxg/
Kleiner Perkins Leads $37 Million Round In Realtime Traffic Data Company Inrix
Realtime car traffic data company Inrix has raised $37 million in series D funding led by Kleiner Perkins Caufield & Byers' Green Growth Fund and August Capital. This brings Inrix's funding to nearly $70 million. Post-funding, Inrix's valuation is just shy of $500 million. Inrix aggregates and crowdsources real-time traffic information from more than 10 million spurces including cars, taxis, delivery vehicles, trucks and other channels, Inrix's data software aggregates and enhances traffic-related information from hundreds of public and private sources and then sells this data to mobile app developers and websites.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HuYgN2rLhxg/
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