Fundz

Iteris Receives $3.15 Million In Additional Task Order Funding From Federal Highway Administration To Support Nation’S Architecture Reference For Cooperative And Intelligent Transportation

PRIVATEApr 06, 2021

Amount Raised

$3.15 Million

Round Type

Seed

AustinTransportationSmart Cities

Description

Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has received an additional $3.15 million in funding for a task order under its indefinite delivery/indefinite quantity (IDIQ) contract from the Federal Highway Administration (FHWA) to provide continued development, evolution and deployment support for the intelligent transportation systems (ITS) reference architecture program.

Quick answer

Iteris raised $3.15 Million in a Seed round, dated April 6, 2021. Iteris is based in Austin, Texas, United States.

How much did Iteris raise?
Iteris raised $3.15 Million in a Seed round on April 6, 2021.
What does Iteris do?
Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management.
Where is Iteris based and how big is it?
Iteris is based in Austin, Texas, United States.

Source: Fundz verified event record.

Who else raised in Transportation and Smart Cities around the same time

Companies in the same sectors as Iteris that raised within 45 days of this round, from Fundz verified event records.

  • XTI Aerospace raised $10M on May 17, 2021.
  • Stoke Space raised $9.1M on May 10, 2021.
  • Glydways raised $5M on April 28, 2021.
  • Custom Truck One Source raised $883M on April 15, 2021.
  • ZoomCar raised $37M on April 9, 2021.
  • Pilot.com, Inc. raised $30M on April 8, 2021.

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Company Information

Company

Iteris

Location

Austin, Texas, United States

About

Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility® Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

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