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KPCB leads $37m round for traffic data provider Inrix

25 Jul 2011

Venture firms Kleiner Perkins Caufield & Byers and August Capital have participated in a $37m fourth financing round for realtime traffic data provider Inrix.

The Kirkland-based company boasts the world’s first time-intelligent routing service, which provides realtime, predictive and historical traffic information for every road network in 20 countries.

According to news reports, Inrix is currently valued at nearly $500m, with revenue growing by 100 per cent per annum. The company has so far raised $70m to fund new development.

Silicon Valley-based venture firm KPCB funded the round using its Green Growth Fund, a $500m vehicle which aims to invest in companies which offer solutions to the world climate crisis.

Last week the firm participated in a $61m private funding round for Essence Group Holdings, representing one of the largest private sector investments in the accountable health care industry.

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