The $65 million haul comes from Riverwood Capital, and arrives at a time of high activity in the gov tech investment market. Urban SDK's technology draws on transportation data to present public-sector customers with interactive maps and other solutions for a variety of uses.
That can range from transit route planning to road safety to natural disaster response.
“Our mission has always been to equip the government teams serving our communities with the intelligence they need to protect lives and steward public resources responsibly,” Urban SDK co-founder and CEO Drew Messer said in a press release. “Today, hundreds of cities use Urban SDK to prevent traffic accidents and fatalities and to make smarter decisions, at roughly 10 cents on the dollar versus traditional approaches. Riverwood Capital’s partnership allows us to scale our AI system of action for these governments and civil leaders, accelerating our ability to help communities build safer, more resilient cities.”
Urban SDK has worked with more than 300 local governments in 40 states, according to the statement. It has previously received backing from the Florida Opportunity Fund, a unique state-owned investment operation.
