# GridMatrix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gridmatrix

- Industry: Software
- Headquarters: Cupertino, US
- Website: www.gridmatrix.com
- Total disclosed funding: $4M
- Latest round: Seed (Apr 10, 2022)
- Investors on record: 5

## About

Based in California, US, and founded by Nicholas D’Andre (CEO) and Scott Hazard in 2021, GridMatrix Inc. is a data and analytics firm that provides artificial intelligence-based software that works with a city's existing infrastructure to eliminate traffic congestion, accidents, and emissions. In April 2022, GridMatrix Inc. raised USD 3.5 million in Seed funding co-led by new investors 8VC and Cota Capital, with participation from other new investors Alumni Ventures Group, Intensity Ventures Inc, and ystartupindex.

The company provides software that combines edge sensor data with its proprietary cloud-based data sources to process hours of traffic camera video data and extracts standard traffic study information such as count, speed, and approach direction using artificial intelligence. The software also uses real-time and historical data to inform traffic managers about traffic patterns at intersections. The firm’s data visualization tool helps traffic managers to view and manage the data at ease.

The company intends to use the April 2022 funding to accelerate its deployments in the US and Europe, as well as support the expansion of its data science and software engineering teams.

## Funding rounds

- Seed, Apr 10, 2022, $4M — Alumni Ventures Group, Cota Capital, 8VC, Intensity Ventures Inc, Y Startup Index Fund

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Cota Capital (https://capitalatlas.ai/funds/cota-capital) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Intensity Ventures Inc — Seed
- Y Startup Index Fund (https://capitalatlas.ai/funds/y-startup-index-fund) — Seed