Urban SDK will use the funding to expand upon existing predictive analytics offerings, which enable cities to streamline data collection for smarter and safer mobility strategies.
Urban SDK, a connected mobility and safety analytics platform, has secured $1.66m in funding.
The funding round was led by Florida Opportunity Fund and matched by Deepwork Capital, a venture capital firm investing in early-stage companies in Florida.
The software-as-a-service (SaaS) company seeks to connect city and transportation planners to reliable data that enhances and accelerates mobility intelligence and reports the funding will be instrumental in the continuous development of its platform.
“We are focused on the 90,000 state and local government agencies across the United States that need the right tools to appropriately plan our cities and infrastructure of the future,” said Drew Messer, CEO and co-founder of Urban SDK.
“We also have potential to go beyond serving state and local governments, and we have seen interest from real estate developers, logistics and insurance companies – all of which are areas we hope to serve in the future to create truly connected and safe cities.”
The cash injection allows for expansion into new states and public sector markets and the development of products and features to accommodate fast-changing transportation dynamics, as cities and departments of transportation deal with uncertain schedules and funding.
“Traditional urban planning cannot scale to take advantage of the emerging data we need to develop and pass city and transportation policy initiatives that will ultimately allow us to build the city of tomorrow”
The company said it also intends to continue hiring sales, marketing and engineering talent from its base in Jacksonville, Florida.
The state and local government market is large and decentralised, with 3,031 counties, 19,519 cities and towns, and 17,000 law enforcement agencies across all 50 states. Thus, there is an increased focus on improving the planning of cities, and the urban planning software market alone is expected to reach $2.6bn by 2024, according to Urban SDK.
In line with industry growth, the company claims to have “grown rapidly” over the past year, with 12 state and local government customers in Florida and a pipeline of “near-term” candidates.
“Traditional urban planning cannot scale to take advantage of the emerging data we need to develop and pass city and transportation policy initiatives that will ultimately allow us to build the city of tomorrow,” added Justin Dennis, CTO and co-founder of Urban SDK.
“Our platform simplifies the collection of data, accelerates decisions, automates services and ultimately results in improved communities.”
Urban SDK is a Techstars company and was selected to participate in a global Techstars’ Smart Mobility accelerator. It provides transportation, mobility, civil engineering, and government organisations with real-time operational insights and predictive trend analysis of mobility and road networks through IoT, telemetry and satellite imagery data collection, reporting and mapping.
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