What is Numetric?
Numetric specializes in delivering advanced traffic safety analytics solutions tailored for state, county, and city-level transportation and law enforcement agencies. The company's platform and purpose-built applications are designed to convert complex data streams into clear, actionable insights. By integrating diverse data types and providing robust analytics tools, Numetric empowers traffic safety professionals to make faster, more informed decisions, thereby improving safety outcomes and operational efficiency. Their commitment extends to customer success and data expertise, ensuring seamless data utilization.
How much funding has Numetric raised?
Numetric has raised a total of $31.7M across 4 funding rounds:
Private Equity
$4M
Other Financing Round
$3.8M
Private Equity
$10.9M
Unspecified
$13M
Private Equity (2016): $4M with participation from EPIC Ventures
Other Financing Round (2016): $3.8M led by Service Provider Capital and Epic Ventures
Private Equity (2017): $10.9M, investors not publicly disclosed
Unspecified (2017): $13M featuring Insight Venture Partners and EPIC Ventures
Key Investors in Numetric
Service Provider Capital
Service Provider Capital is a venture capital fund that co-invests in Seed and Series A deals, focusing on enhancing portfolio companies' reach through extensive networks. They offer a straightforward investment process without negotiating terms or seeking board seats.
Epic Ventures
Epic Ventures, associated with Epic Systems Corporation, is involved in the healthcare software sector, known for its electronic medical record applications. Their participation suggests an interest in data-driven solutions across various sectors.
Insight Venture Partners
Insight Venture Partners is a venture capital firm that supports software companies. Their platform, GO, aims to connect and strengthen leaders within their portfolio companies to facilitate scaling and growth.
What's next for Numetric?
With the recent major strategic investment and substantial overall capital, Numetric is poised for significant expansion and innovation. The company's focus on enterprise-level solutions for critical public safety sectors indicates a trajectory towards broader market penetration and the development of more sophisticated analytics capabilities. This strategic financing will likely fuel advancements in their platform, enhance data processing power, and potentially expand their service offerings to address evolving challenges in traffic safety and law enforcement. Numetric's continued growth suggests a strong market demand for data-driven safety improvements.
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