Urban SDK, a Jacksonville, FL-based cloud based traffic management system of record for state and local governments, raised a seed funding round of undisclosed amount.
The round was led by GOVO Venture Partners, supported by DeepWork Capital, Florida Opportunity Fund, Techstars, and venVelo.
The company intends to use the funds to accelerate its footprint across the United States and Canada.
Led by Drew Messer, CEO, and Justin Dennis, COO, Urban SDK provides public works officials, transportation planners, traffic engineers, and law enforcement officials across North America with a traffic management platform that delivers diagnostic reports on local roads, GIS visualizations, and cloud-based data storage. By streamlining traffic management operations and equipping officials with diagnostic reports of local roads, the solution ensures that stakeholders have the information they need to keep their communities safe.
An alum of the Techstars Smart Mobility Accelerator, Urban SDK grew annual recurring revenue (ARR) by 145% and maintained a net revenue retention of 109% in 2022.
FinSMEs
06/07/2023