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GridMatrix Raises $3.5M Seed Round Led by 8VC & Cota Capital
GridMatrix has raised $3.5M in seed funding in a round co-led by 8VC and Cota Capital, with participation from Alumni Ventures Group, Intensity Ventures, The Y Startup Index, as well as several angels with deep experience building cloud-based software solutions for municipalities.
GridMatrix’s cloud platform for traffic analytics combines edge sensor data with cloud-based data sources to eliminate urban traffic congestion, accidents, and emissions. The platform’s proprietary cloud architecture delivers live data in under a second from sensor to screen and provides cities with a truly real time data stream quantifying everything from traffic light performance to the occurence of a life-threatening accident.
Compatible with both existing sensors such as cameras as well as next-generation sensing technologies such as LiDAR, GridMatrix’s software platform is scalable and can be deployed on a global scale. This new capital will accelerate GridMatrix’s deployments in the US & Europe, as well as support the expansion of the company’s data science and software engineering teams.
GridMatrix is a member of Amazon’s GovTechStart accelerator, California Mobility Center, Intelligent Transportation Society of America, and Qualcomm’s Smart Cities Accelerator. The Intelligent Transportation Society of America has recognized GridMatrix’s products as leading new solutions for sustainable and resilient infrastructure.
Companies In This Post
- Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections Read more
- Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership Read more
- MoonPay Launches New Funding Options for Pump.fun Traders Read more
- Red Rocks Credit Union Partners with My First Nest Egg to Help Member Families and Local Students Build Healthy Money Habits Early Read more
- Emprise Bank Adds Fintech Entrepreneur Randy Fernando to Board of Directors Read more
Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections
Glia, the leading platform for intelligent banking interactions, today announced it will offer its more than 700 bank and credit union clients a contractual guarantee against AI hallucinations being presented to customers or members on its Banking AI platform. Glia also now guarantees zero impact from prompt injection attacks on its platform — malicious attempts to trick customer or member care AI into providing information or performing tasks it shouldn’t.
Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership
Money20/20, the world’s leading fintech show and the place where money does business, today unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia happening in Bangkok on April 21-23 at the Queen Sirikit National Convention Center (QSNCC). The whitepaper is revealing that APAC’s fintech ecosystem has reached a pivotal inflection point. The region is shifting from experimentation to scaled deployment across AI, digital payments, and digital assets, marking a decisive move toward production‑grade innovation.
Red Rocks Credit Union Partners with My First Nest Egg to Help Member Families and Local Students Build Healthy Money Habits Early
As families navigate rising costs and increasingly complex financial decisions, Red Rocks Credit Union is expanding its commitment to financial wellness through a new partnership with My First Nest Egg, a family-first financial education platform designed to help parents and children build healthy money habits together from an early age.
DeepTarget Debuts RetainIQ™: Leveraging AI-Driven Insights and DXP Automation to Turn New Account Openings into High-Yield, Lifelong Growth
DeepTarget Inc., a leader in intelligent revenue automation for financial institutions, today announced the launch of RetainIQ™, a strategic retention layer designed to help financial institutions convert new account openings into deep, primary relationships while delivering a consistent, high-touch experience at scale.
Mambu Selected as Core Banking Provider by Nyla, Africa’s First Islamic Neobank
Mambu announced a strategic collaboration with Nyla, Africa’s first Islamic neobank, to power its shari’ah-compliant digital banking infrastructure
RBC to Accelerate Digital Mortgage Qualification Capabilities With Acquisition of Pinch Financial
Royal Bank of Canada (RBC) has acquired Toronto-based Pinch, a fintech company offering innovative mortgage qualification technology
Bahrain’s Banking and Financial Sector Continues to Operate Normally
The Central Bank of Bahrain (CBB) affirmed that the Kingdom’s banking and financial sector continues to operate at the highest levels of readiness
Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections
Glia, the leading platform for intelligent banking interactions, today announced it will offer its more than 700 bank and credit union clients a contractual guarantee against AI hallucinations being presented to customers or members on its Banking AI platform. Glia also now guarantees zero impact from prompt injection attacks on its platform — malicious attempts to trick customer or member care AI into providing information or performing tasks it shouldn’t.
Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership
Money20/20, the world’s leading fintech show and the place where money does business, today unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia happening in Bangkok on April 21-23 at the Queen Sirikit National Convention Center (QSNCC). The whitepaper is revealing that APAC’s fintech ecosystem has reached a pivotal inflection point. The region is shifting from experimentation to scaled deployment across AI, digital payments, and digital assets, marking a decisive move toward production‑grade innovation.
MoonPay Launches New Funding Options for Pump.fun Traders
MoonPay, the leader in global crypto payments and stablecoin infrastructure, announced a partnership with Pump.fun, the viral Solana-based platform that lets anyone create and trade tokens instantly. Through the integration of MoonPay Deposits*, Pump.fun users will gain new ways to fund their accounts, expanding the platform’s funding capabilities beyond a limited set of supported tokens.
Red Rocks Credit Union Partners with My First Nest Egg to Help Member Families and Local Students Build Healthy Money Habits Early
As families navigate rising costs and increasingly complex financial decisions, Red Rocks Credit Union is expanding its commitment to financial wellness through a new partnership with My First Nest Egg, a family-first financial education platform designed to help parents and children build healthy money habits together from an early age.
Emprise Bank Adds Fintech Entrepreneur Randy Fernando to Board of Directors
Emprise Bank announced today that proven fintech founder and serial entrepreneur Randy Fernando has been elected to the Emprise Bank Board of Directors. Fernando brings deep expertise in financial infrastructure, great experience with product development, a track record of building and scaling successful companies, and a growth-oriented mindset that will support innovation across the bank's business.
Unlimit Appoints Irene Skrynova as CEO, Global Payments
Unlimit announced the appointment of Irene Skrynova as CEO, Global Payments, as the company accelerates its evolution into a global financial infrastructure platform powering cross-border commerce.
European Fintech Blackcat Launches Multi-Wallet App Combining Euro and Crypto Accounts, Completing Rebrand
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