Big Data Analytics startup StreetLight Data secured $15 Million

StreetLight Data Inc, a California based Big Data analytics platform for mobility, has now secured a Series D funding round of $15 million.

StreetLight Data is founded by Laura Schewel. It offers a SaaS platform that combines machine learning with deep transportation, knowledge, and vast computing and mobile data resources to provide near-instant insights.

Laura Schewel, CEO and co-founder of StreetLight Data, said, "Just as eCommerce, web conferencing and telemedicine companies have enabled life to continue in a socially distanced world, so has StreetLight enabled critical transportation planning to weather the pandemic era. Governments, engineering firms, and New Mobility companies need better information at a time of remote operations, increased transportation volatility and decreased budgets. The only way to do that is to replace expensive and highly manual transportation measurement approaches with on-demand metrics."

Paul Jordan, Vice President at Activate Capital, said, "We are incredibly excited to partner with StreetLight as they continue through this rapid phase of growth. StreetLight brings the power of a Silicon Valley big data platform to scale for civic and commercial stakeholders, enabling them to build the connected, intelligent, and sustainable transportation systems of the future."

The round was backed by the Macquarie Capital and Activate Capital with the participation from Ajax Investment Strategies and Osage University Partners.

The company, as of now, has plans to use the new funds to expand operations and business outreach.

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