Pre-IPO Profile: Inrix

Company: Inrix

Founded: 2004

Total Funding to Date: $143 mm

Investors:

  • Kleiner Perkins Caufield & Byers
  • August Capital
  • Bain Capital Ventures
  • The Porsche Family

Key People:

  • Bryan Mistele, President & CEO
  • Saul Gates, CFO

Description: INRIX is a leading traffic intelligence platform delivering smart data and advanced analytics to solve transportation issues worldwide. They crowd sources real-time data from approximately 100 million vehicles and devices to deliver traffic and driving-related insight, as well as sophisticated analytical tools and services, across five industries in 40 countries. According to the company, INRIX has 200 customers and partners including Audi, ADAC, ANWB, BMW, the BBC, Ford Motor Company, the I-95 Coalition, MapQuest, Microsoft, NAVIGON, Telmap, TomTom, Toyota and Vodafone. The number of navigation systems receiving traffic data may grow close to 38 million in 2018 globally up from 8.5 million in 2010, according to the research. INRIX sources data from hundreds of partners and customers, while monetizing it through a real data licensing business that currently expands beyond transportation to real-estate, media and finance.

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