Traffic data provider Inrix lands $37M in Series D

Traffic information services firm Inrix has completed a $37 million funding round led by Kleiner, Perkins, Caufield & Byers' Green Growth Fund and August Capital. The firm said the new financing will support acquisition efforts and fuel its global expansion and R&D prospects, with an emphasis on enhancing its mobile applications and in-car solutions.

More than 100 million consumers across 22 countries in North America and Europe now use Inrix-powered traffic services. Earlier this year, the company signed agreements with automakers Audi and Toyota to deliver real-time traffic information and routing tools optimized for connected navigation systems. In addition, close to 2 million drivers use the Inrix Traffic app for iPhone and Android--versions for BlackBerry and Windows Phone devices are launching this week. Inrix also ships white-label mobile apps for partners Ford and Navigon.

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