As cities expand, roads usually expand as well, but they can't grow indefinitely. In fact, building more roads doesn’t always solve anything. Instead, these 10 companies are working to make roads smarter. Eventually, the smarter roads become, the fewer roads cities will need.
Totaling $2.5 million in funding since 2014, Blyncsy has developed a traffic sensor that measures the flow of electronic signals from mobile devices through the city. They do not capture personal or private data, so all data is anonymous.
The sensors are housed in cubes mounted to traffic light and street light poles. Blyncsy’s focus is clearly on monitoring traffic and congestion, and it does so in real time with its own analytics software. Organizations, especially departments of transport, can analyze the data to project pollution levels and other indicators.
Started in 2013, WeatherCloud collects its weather data at the street level. They use on-vehicle weather stations and high-density road weather information systems (RWIS) to monitor the weather where it often does the most damage: the road. They were acquired by Fathym in 2015, and the company is stronger for it.
While WeatherCloud collects the weather and vehicle data, Fathym aggregates, analyzes, and visualizes the data to keep drivers and pedestrians safe. They target organizational vehicle fleets which can act as mobile weather stations, and they can fit any vehicle type.
Telensa was a founding member of Wireless Internet of Things Forum (WIoTF) along with BT, Accenture, and Cisco. They started in 2005 and have expanded to more than 8 countries. They supply smart streetlight technology that lowers energy and maintenance costs while reducing congestion and other traffic hazards.
With these lower costs, Telensa pays for itself and enables many cities to further build their smart city plans on Telensa’s installed infrastructure.
Sensys started in 2004 and has raised more than $23 million. Formed by engineers who are also serial entrepreneurs, they are one of the top companies offering wireless traffic detection and integrated traffic data systems.
They provide a flexible, highly scalable unified platform to help transportation agencies improve traffic in their area.
Miovision Technologies has raised $30 million since 2005 when three University of Waterloo students joined forces to launch the company.
With headquarters in Canada and offices in Germany, Miovision Technologies offers a range of hardware and software for monitoring traffic and reporting real time data to transportation engineers and planners.
Launched in 2011 and having raised $1.1 million, MetroTech Net is able to analyze traffic data from existing traffic management systems. Their biggest strength is analyzing video and integrating it with data from other existing traffic management systems.
MetroTech Net then feeds this data to users in real time so they can make better decisions while driving. Because they focus on integration with existing systems, they are often able to save cities money while making them more efficient.
INRIX was formed in 2005 and began gathering data about traffic from sensors as well as data collected from participating vehicles.
They also include analyses of historical data about collisions, traffic speeds, construction areas, etc.
They gather this data from more than 300 million devices in more than 47 different nations around the world. With all this data, they are able to provide a more complete picture about traffic.
Having raised nearly $10 million, StreetLight Data uses geospatial data to provide data analytics to city planners. StreetLight InSight is their platform for processing traffic specific big data.
With it, city planners are able to understand the flow of traffic through their city using real world data on demand. Retailers gain insight on traffic outside their locations to determine advertising and marketing strategies.
The founders at Rapid Flow Technologies developed an adaptive traffic signal control technology called Surtrac. They spun the invention out of Carnegie Mellon University in 2006.
Combining artificial intelligence and traffic theory, Surtrac is able to monitor real time traffic patterns to adjust the performance of connected traffic lights. It improves traffic flow for shorter trips, less pollution, and reduced congestion.
Based out of Israel and started in 2015, Nexar has already raised $14.5 million. Their in-car video camera connects with a network of other cars equipped with their cameras. This network of real-time, location specific data is integrated and analyzed to alert drivers to traffic conditions and road hazards.
They also stream the data to cities to help them improve roads based on how drivers are actually using the roads.