Osage University Partners has returned to bring the big urban transit data analytics company's funding total to more than $40m.
StreetLight Data, a US-based urban transportation analytics technology developer, closed a $15m series D round yesterday featuring spinout-focused investment firm Osage University Partners (OUP).
The deal was rounded off by Macquarie Capital, Activate Capital and Ajax Investment Strategies.
Founded in 2011, StreetLight Data has built a big data analytics portal for the transportation industry containing spatial and time-based statistics covering 5 million miles of roadway and multiple modes of urban travel.
The data is fed to machine learning models billed as providing insights for almost every North American road, helping transit agencies adjust grid operations and prepare new capital expenditures.
StreetLight Data argues its technology will enable cities to cope with population growth and evolving modes of commuting, with the latter trend exacerbated by social distancing requirements during the Covid-19 pandemic.
Streetlight Data has now raised more than $40m in equity financing, according to press…
