StreetLight Data Closes Series B Financing to Accelerate Use of Big, Mobile Data for Smart Cities
San Francisco, CA (PRWEB) March 08, 2016 -- StreetLight Data today announced that it has secured Series B financing. StreetLight Data leverages the massive amount of geospatial data being produced by mobile devices to transform the way decisions about transportation are made – creating meaningful insights regarding mobility patterns and transportation behaviors that improve Smart Cities, transportation engineering, real estate, and economic development.
StreetLight’s groundbreaking approach to contextualizing and structuring different types of spatial data and its intuitive SaaS platform allows clients to get powerful insights quickly, while protecting the privacy of individuals. The Series B will allow StreetLight to accelerate sales and expand development of its popular StreetLight InSight® platform, already in use by over 100 clients in North America.
StreetLight Data’s new round of funding is co-led by Osage University Partners and ENGIE New Ventures. In addition, existing investors Vision Ridge Capital Partners and Deutsche Telekom Strategic Investments participated in the round.
Marc Singer, Managing Partner at Osage University Partners, said, “StreetLight has demonstrated both the ability to create value today from Big Data, as well as to envision paradigm shifts in core practices from transportation to real estate, financial services and beyond in the future.”
“There is a lot of buzz about Smart Cities without specifics on the tangible solutions to enable them. ENGIE invested in StreetLight Data because their mobility analytics illustrate the flow of a city’s people, goods and services and are already a key enabler to the actual creation of smart, efficient and sustainable cities” highlighted Gérard Mestrallet, the CEO of ENGIE. “StreetLight Data will provide insight to help ENGIE and its customers make better mobility decisions” he added.
“In the past year, we’ve seen enormous uptake of StreetLight InSight by the leading firms working with states, regions, and cities to transform the process of planning infrastructure, and to make the concept of Smart Cities a reality. The potential savings generated by these entities using StreetLight InSight – in terms of time, money, greenhouse gas and criteria air emissions – are substantial. Our new investment will allow to take our ideas and mission so much further, including expanding to new verticals,” said Laura Schewel, CEO and co-founder of StreetLight.
About StreetLight Data
StreetLight Data is a technology firm founded in 2011 and based in San Francisco, CA. StreetLight leverages the massive amount of geospatial data being produced by mobile devices to transform the way decisions about transportation are made – creating meaningful insights regarding mobility patterns and transportation behaviors that improve Smart Cities, transportation engineering, real estate, and economic development. To learn more visit http://www.streetlightdata.com
About Osage University Partners
Osage University Partners is a venture capital firm focused on investing in startups that are commercializing pioneering university technologies. Osage partners with top research universities to invest in their most innovative startups, and Osage shares its investment profit with its partner institutions. The firm invests in software, hardware, and life science companies at all stages of company development. Osage has partnered with over 80 universities and has invested over 50 of their spinouts. Osage University Partners is part of a family of investment funds within OsagePartners, which is based in Philadelphia, PA and manages in excess of $500 million.
http://www.osageuniversitypartners.com
About ENGIE
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 154,950 people worldwide and achieved revenues of €69.9 billion in 2015. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (Eurozone 120, Europe 120 and France 20).
Laura Schewel, StreetLight Data, http://www.streetlightdata.com, +1 4155785033, [email protected]
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