INRIX Secures $70M to Advance its Smart Transportation Tech

The company equips cities and businesses with insights to enabling greener transportation.

Published on Aug. 08, 2023
a car is pictured speeding down a road.
Photo: Shutterstock

Kirkland-based INRIX recently secured a $70 million financing round from Morgan Stanley Investment Management. The company provides cities and businesses with transportation analytics and connected car services. Its goal is to create safer, more efficient transportation systems around the world.

For almost two decades, INRIX has leveraged artificial intelligence and machine learning to provide its customers with location-based insights to make transportation smarter, greener and safer.

This funding will be used to fuel the companys growth initiatives, refinance debt and strengthen its position in the intelligent mobility industry. With this new funding, INRIX will drive innovation and expand its customer base.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

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