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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
- Boku Deepens LATAM Commitment, Readies Merchants for Brazil’s Digital Payments Revolution via Pix Read more
- MAPFRE is the Largest Multinational Insurance Company in Latin America Read more
- African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime Read more
- The 4th Edition of the Africa Fintech Forum to Shape the Future of Finance in Kenya on October 15 Read more
- EXCLUSIVE: “Zee Whizz! Adapting to a New Banking Generation” – Joud Zaumot, Mambu and Andrzej Szelemetko, GFT Technologies in ‘The Fintech Magazine’ Read more
African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime
The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building.
Prove Launches Global Identity Graph to Redefine Digital Trust for 90% of Digital Consumers
Prove, the global leader in digital trust, today announced the launch of the Prove Identity Graph, a foundational layer of Prove’s platform that enables enterprises to verify and recognize customers instantly, securely, and globally.
Sumsub Named a Leader in IDC MarketScape for Worldwide Identity Verification in Financial Services 2025
Sumsub, a global verification and anti-fraud leader, today announced it has been named a Leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment (doc # US52985325, September 2025). The report evaluates identity verification providers based on both current capabilities and long-term strategies, assessing how well vendors meet the needs of financial services organizations now and in the years ahead.
European SMEs at Risk As They Build AI Strategies on Shaky Digital Foundations, Latest Qonto Survey Finds
Qonto, Europe's leading business finance management solution for SMEs and freelancers, today publishes its comprehensive analysis of digital transformation across European small and medium businesses. The report, created in collaboration with Appinio, surveyed 1,600 senior decision makers across France, Germany, Italy, and Spain in August 2025.
Fifth Third to Acquire Comerica
Fifth Third Bancorp (Nasdaq: FITB) and Comerica Incorporated (NYSE: CMA) today announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion.
Pension-Finding Platform Raindrop Has Reunited Savers With Over £800 Million in Lost Pension Pots Since Launch
Pension-finding platform, Raindrop has recovered over £800 million in lost pension pot savings for UK savers since launch.
One-Size-Fits-All Finance is Over: Moneyhub Enables Financial Institutions to Get Personal
Moneyhub, a financial data, categorisation and personalisation platform, today announced its strategic repositioning to concentrate exclusively on delivering enterprise-grade solutions for financial institutions (FIs). The move, unveiled alongside a vibrant new brand identity under the banner “Build for Real Life”, signals Moneyhub’s commitment to helping FIs truly understand and serve their customers.
Boku Deepens LATAM Commitment, Readies Merchants for Brazil’s Digital Payments Revolution via Pix
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MAPFRE is the Largest Multinational Insurance Company in Latin America
MAPFRE is the leading multinational insurance group operating in Latin America, with $10.932 billion in premiums, $133 million more than the previous year, and a market share of 5.1%.
African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime
The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building.
The 4th Edition of the Africa Fintech Forum to Shape the Future of Finance in Kenya on October 15
The 4th edition of the Africa Fintech Forum will take place on 15th October 2025 at the Pullman, Nairobi, Upper Hill, bringing together leaders, innovators, and policymakers from across the African financial technology ecosystem.
EXCLUSIVE: “Zee Whizz! Adapting to a New Banking Generation” – Joud Zaumot, Mambu and Andrzej Szelemetko, GFT Technologies in ‘The Fintech Magazine’
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Banks Embrace Core Banking Modernisation and Speedboat Strategies
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Prove Launches Global Identity Graph to Redefine Digital Trust for 90% of Digital Consumers
Prove, the global leader in digital trust, today announced the launch of the Prove Identity Graph, a foundational layer of Prove’s platform that enables enterprises to verify and recognize customers instantly, securely, and globally.