Traffic data provider Inrix may go public

 
 

The Wall Street Journal reports that Inrix is working with Goldman Sachs and J.P. Morgain to raise $100 million through an IPO. Inrix declined to comment on the report. If Inrix goes ahead with the IPO, it would be a rare instance of a local company going public. In recent years, companies have tended o raise money privately or put themselves up for sale rather than go public. Zillow is one of the few exceptions. Kirkland-based Inrix, which has such large customers as Ford Motor and Audi, collects traffic data through arrangements with government organizations that have video cameras along roads as well as input from truck fleets and a large army of consumers who use its apps. Consequently, the company's traffic data includes information not only on highway traffic but also traffic conditions on side streets. The company has raised about $68 million in venture capital. Check out our story on the company earlier this year here.

Tech Diversity Champions

Tech Diversity Champions

News from WTIA
 
 

The Seattle area faces a severe shortage of qualified coders. One way local organizations such as the Washington Technology Industry Association are addressing that shortage is by helping to train women, minorities and veterans currently underrepresented in the region’s technology workforce. To use the interactive graphic pictured here, use this link.