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INRIX Secures $70 Million Financing from Morgan Stanley Investment Management

Retrieved on:

Tuesday, August 8, 2023

Organization, City, Growth, Transport, Intelligence, INRIX, Cryptocurrency

KIRKLAND, Wash., Aug. 8, 2023 /PRNewswire/ -- INRIX, Inc. , a leading provider of transportation analytics and connected car services, today announced the successful completion of a $70 million financing round from investment funds managed by Morgan Stanley Expansion Capital and Morgan Stanley Tactical Value (together, "Morgan Stanley Investment Management").

Key Points:

KIRKLAND, Wash., Aug. 8, 2023 /PRNewswire/ -- INRIX, Inc. , a leading provider of transportation analytics and connected car services, today announced the successful completion of a $70 million financing round from investment funds managed by Morgan Stanley Expansion Capital and Morgan Stanley Tactical Value (together, "Morgan Stanley Investment Management").
For nearly 20 years, INRIX has played a foundational role in shaping the future of transportation by helping cities and businesses take advantage of location-based insights.
"We are thrilled to partner with Morgan Stanley Investment Management as INRIX continues to transform the way people and goods move around the world," said Bryan Mistele, CEO of INRIX.
Kevin Lin, Executive Director of Morgan Stanley Tactical Value, commented, "INRIX provides mission-critical insights to both private-sector and public-sector clients.

Parking Management Market worth $6.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Thursday, August 3, 2023

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.

Key Points:

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.
North America has witnessed significant growth in the Parking Management Market, leading the market in market share.
The utilisation of available parking spaces is optimised via parking management technologies like smart parking systems.
As a result of drivers spending less time searching for parking, efficient parking management can result in smoother traffic flow.

Parking Management Market worth $6.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Thursday, August 3, 2023

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.

Key Points:

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.
North America has witnessed significant growth in the Parking Management Market, leading the market in market share.
The utilisation of available parking spaces is optimised via parking management technologies like smart parking systems.
As a result of drivers spending less time searching for parking, efficient parking management can result in smoother traffic flow.

Runway Growth Finance Corp. Provides Second Quarter 2023 Portfolio Update

Retrieved on:

Tuesday, July 11, 2023

WOODSIDE, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the second quarter ended June 30, 2023.

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WOODSIDE, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the second quarter ended June 30, 2023.
Runway Growth is poised to capitalize on select opportunities in the second half of 2023.”
In the second quarter of 2023, Runway Growth funded four new investments in existing portfolio companies.
During the second quarter ended June 30, 2023, Runway Growth experienced four prepayments totaling $88.7 million and scheduled principal amortization of $2.8 million.
As of June 30, 2023, the Runway Growth portfolio included 33 debt investments to 31 portfolio companies and 58 equity investments in 43 portfolio companies, including 25 portfolio companies where Runway Growth holds both a debt and equity investment.

Liberty Media Corporation Announces Virtual Special Meeting of Stockholders and Expected Timing Related to Split-Off of Atlanta Braves and Creation of Liberty Live Group Tracking Stock

Retrieved on:

Monday, June 12, 2023

Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) will hold a virtual special meeting of stockholders on Monday, July 17, 2023 at 10:30 a.m. M.T.

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Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) will hold a virtual special meeting of stockholders on Monday, July 17, 2023 at 10:30 a.m. M.T.
Holders of Liberty Media’s Liberty Braves common stock at the time of the Split-Off will be eligible to receive shares of Atlanta Braves Holdings in the Split-Off.
Holders of Liberty Media’s Liberty SiriusXM common stock and Liberty Formula One common stock at the time of the Reclassification will be eligible to receive shares of the new tracking stock groups.
A technical support number will become available at the virtual meeting link 10 minutes prior to the scheduled meeting time.

US Ignite Launches Innovative Inclement Weather Decision Support App for Fort Carson

Retrieved on:

Tuesday, April 25, 2023

Today US Ignite announces the launch of the Inclement Weather Decision Support Application at Fort Carson, Colorado, a United States Army installation.

Key Points:

Today US Ignite announces the launch of the Inclement Weather Decision Support Application at Fort Carson, Colorado, a United States Army installation.
“The Inclement Weather Decision Support App harnesses the power of weather and traffic data, predictive modeling, and artificial intelligence to provide Fort Carson decision-makers with the best tools to respond to inclement weather appropriately.
The Inclement Weather Decision Support App uses weather forecast and observational data from the National Weather service as a baseline, which is consistent with the information regularly used by Fort Carson leaders.
For more information on the Inclement Weather Decision Support App visit: www.us-ignite.org/program/smart-bases-and-installations/fort-carson/
View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005272/en/

Ford Establishes Latitude AI to Develop Future Automated Driving Technology

Retrieved on:

Thursday, March 2, 2023

Ford Motor Company has established Latitude AI, a wholly owned subsidiary focused on developing a hands-free, eyes-off-the-road automated driving system for millions of vehicles.

Key Points:

Ford Motor Company has established Latitude AI, a wholly owned subsidiary focused on developing a hands-free, eyes-off-the-road automated driving system for millions of vehicles.
View the full release here: https://www.businesswire.com/news/home/20230302005694/en/
Ford Motor Company has established Latitude AI, a wholly owned subsidiary focused on developing a hands-free, eyes-off-the-road automated driving system for millions of vehicles.
(Photo: Business Wire)
With the formation of Latitude, Ford adds a leading team of machine learning, robotics, software, sensors, systems engineering and operations talent as the automaker grows and expands its development efforts in automated driving technology – including advancements in Ford BlueCruise, which already has accumulated more than 50 million miles of hands-free driving.
“We see automated driving technology as an opportunity to redefine the relationship between people and their vehicles,” said Doug Field, chief advanced product development and technology officer, Ford Motor Company.

INRIX: Return to Work, Higher Gas Prices & Inflation Drove Americans to Spend Hundreds More in Time and Money Commuting

Retrieved on:

Tuesday, January 10, 2023

City, Growth, INRIX, Transport, Congestion, Ridesharing company, Airline

Drivers commuting in major metros spent a lot more, led by Chicago ($2,618), Boston ($2,270), and New York City ($1,976).

Key Points:

Drivers commuting in major metros spent a lot more, led by Chicago ($2,618), Boston ($2,270), and New York City ($1,976).
Nationally, higher fuel costs resulted in $129 more being spent at the gas pump by the typical driver to commute.
The typical American driver lost 51 hours in congestion, up 15 hours from 2021 but still nearly 50% below pre-pandemic levels.
This has led to increases in freight costs, commuting costs, and the prices consumers pay for goods and services.

Vehicle Analytics Global Market Report 2022: Market is Expected to Grow to $6.11 Billion in 2026 at a CAGR of 23.1% - Long-term Forecast to 2031 - ResearchAndMarkets.com

Retrieved on:

Monday, August 15, 2022

The vehicle analytics software consists of a set of programs that are used to analyze the data and information collected from smart vehicles.

Key Points:

The vehicle analytics software consists of a set of programs that are used to analyze the data and information collected from smart vehicles.
The regions covered in the vehicle analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The vehicle analytics market research report is one of a series of new reports that provides vehicle analytics market statistics, including vehicle analytics industry global market size, regional shares, competitors with a vehicle analytics market share, detailed vehicle analytics market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle analytics industry.
Therefore, the growing dominance of connected vehicles expected to promote the growth of the vehicle analytics market.

Safety View by GM Future Roads & INRIX Now Available to Support Safer Roads in U.S. Communities

Retrieved on:

Tuesday, August 2, 2022

DETROIT and KIRKLAND, Wash., Aug. 2, 2022 /PRNewswire/ -- Today, General Motors (NYSE: GM) and INRIX Inc., a world leader in mobility analytics and connected car services, announced that Safety View by GM Future Roads & INRIX is now widely available to transportation planners nationwide. The cloud-based application provides transportation officials with critical insights using crash, vehicle, vulnerable road user (VRU), and U.S. Census data, to help prioritize and measure the effectiveness of roadway safety projects and their impact on communities.

Key Points:

DETROIT and KIRKLAND, Wash., Aug. 2, 2022 /PRNewswire/ -- Today, General Motors (NYSE: GM) and INRIX Inc. ,a world leader in mobility analytics and connected car services, announced that Safety View by GM Future Roads & INRIX is now widely available to transportation planners nationwide.
Leveraging data analytics available through Safety View, INRIX Research published a new study today analyzing the road network surrounding 27 Washington, D.C. schools with the goal of better understanding driving behaviors in school zones.
GM Future Roads and INRIX first announced their collaboration in May 2022 to respond to the growing demand for safety solutions.
By empowering cities, businesses, and people with valuable insights, INRIX is helping to make the world smarter, safer, and greener.