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User:Mburfeind/inrixdraft

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INRIX, Inc.
Company typePrivate
IndustryTraffic data
FoundedJuly 2004
FoundersBryan Mistele and Craig Chapman
HeadquartersKirkland, Washington, United States
Area served
Global
Key people
Bryan Mistele, CEO
OwnerPorsche SE (10%)
Number of employees
450 (Aug 2017)
Websitewww.inrix.com

INRIX is a private company headquartered in Kirkland, Washington. It provides location data used to provide information on traffic, parking and other analytics.[1] INRIX also develops mobile phone and in-car apps[2] and publishes annual reports on traffic congestion, parking, and autonomous vehicles in major cities.[3][4][5]

INRIX was founded in 2004 as a spin-off of Microsoft's automotive research lab.[6] By 2011, the company had raised $70 million in venture capital funding over four rounds, including $37 million that year.[7] In 2014, Porsche invested an additional $55 million.[8] INRIX acquired ITIS, ParkMe, and OpenCar in 2011, 2015, and 2016 respectively.[1][9][10] ITIS developed triangulation software that identified a cell phone's location based on its distance to cell phone towers.[1] Santa Monica, California-based ParkMe identifies available parking spots and compares prices.[9] OpenCar created an open source operating system for apps to be used while driving.[10]

INRIX collects anonymized data on congestion, traffic incidents, parking and weather-related road conditions from more than one million data points daily in 88 countries.[11] The data is aggregated from connected cars and mobile devices, state's Department of Transportation, cameras and sensors on roadways, and major events expected to effect traffic.[1]

In addition to its white label deals, INRIX develops its own apps and works with app developers for its OpenCar infotainment product. INRIX Traffic is an app that advises users on the ideal time to leave based on historical and real-time traffic data along their planned trip.[2][12] The app was overhauled in 2016 with version 6, which analyzes the user's driving habits in order to make suggestions on routes and departure times.[13] The ParkMe Parking app helps users find, pay and drive to available parking near their destination.[14]

References

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  1. ^ a b c d Eagle, N.; Greene, K. (2014). Reality Mining: Using Big Data to Engineer a Better World. MIT Press. p. 89. ISBN 978-0-262-32457-1. Retrieved March 7, 2018.
  2. ^ a b "Inrix Traffic 4 for iOS helps drivers avoid traffic congestion and estimate arrival times (video)". Engadget. May 22, 2012. Retrieved March 7, 2018.
  3. ^ Turnbull, K.F. (2013). Performance Measurement of Transportation Systems: Summary of the Fourth International Conference, May 18-20, 2011, Irvine, California. Conference proceedings (National Research Council (U.S.). Transportation Research Board)). Transportation Research Board. p. 39. ISBN 978-0-309-28669-5. Retrieved March 7, 2018.
  4. ^ "What's the most expensive cost U.S. drivers faced last year?". USA TODAY. April 9, 2018. Retrieved February 1, 2019.
  5. ^ Newcomb, Doug (March 8, 2017). "Exclusive: How Data Can Help Cities Hone Deployment Of Self-Driving Cars". Forbes. Retrieved February 1, 2019.
  6. ^ Constine, Josh (November 26, 2012). "Inrix Now Collects Traffic Data From 100M Drivers, Shows Black Friday Congestion Up 32.5% Despite Ecommerce". TechCrunch. Retrieved March 7, 2018.
  7. ^ Rao, Leena (July 24, 2011). "Kleiner Perkins Leads $37 Million Round In Realtime Traffic Data Company Inrix". TechCrunch (in German). Retrieved March 7, 2018.
  8. ^ Boston, William (September 12, 2014). "Porsche Family Fund Buys Stake in Traffic Mapping Startup Inrix". The Wall Street Journal. Retrieved March 7, 2018.
  9. ^ a b Lunden, Ingrid (September 9, 2015). "Inrix Buys ParkMe To Add Smart Parking Services To Its Real Time Traffic Data". TechCrunch. Retrieved March 7, 2018.
  10. ^ a b Korosec, Kirsten (March 9, 2016). "Traffic Data Firm Buys Apple, Google Rival OpenCar". Fortune. Retrieved March 7, 2018.
  11. ^ Mikulski, J. (2016). Challenge of Transport Telematics: 16th International Conference on Transport Systems Telematics, TST 2016, Katowice-Ustroń, Poland, March 16–19, 2016, Selected Papers. Communications in Computer and Information Science. Springer International Publishing. p. 61. ISBN 978-3-319-49646-7. Retrieved March 7, 2018.
  12. ^ Sauser, Brittany (May 24, 2007). "Mapping Traffic Flow". MIT Technology Review. Retrieved March 7, 2018.
  13. ^ Dent, Steve (March 30, 2016). "Inrix Traffic app uses AI to learn your driving habits". Engadget. Retrieved March 7, 2018.
  14. ^ Taub, Eric A. (January 22, 2015). "The Technological Race to Find You a Place to Park". The New York Times. Retrieved March 7, 2018.
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Category:Road traffic management Category:Parking Category:Companies based in Kirkland, Washington

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