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GridMatrix raised

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    GridMatrix raised

    Grid Matrix raised $3.5M seed funding in a round led by 8VC, Cota Capital and Intensity Ventures. Other participants included Alumni Ventures Group (Intensity Ventures), The Y Startup Index, and several angels who have extensive experience building cloud-based software solutions that are useful for municipalities.
    GridMatrix's cloud platform to analyze traffic data combines edge sensor data and cloud-based data sources to reduce urban congestion, accidents, emissions, and pollution. The platform's cloud-based architecture provides live data in less than a second from the sensor to the screen. This allows cities to have a real-time data stream that quantifies everything, from traffic light performance to the occurrences of life-threatening accidents.
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