Iteris, Inc.

Iteris, Inc. is a US-based company specializing in cloud-enabled solutions for optimizing mobility infrastructure management, enhancing transportation systems through advanced technology and analytics. Founded in 2004 in Austin, US, Iteris, Inc. provides cloud-based mobility management solutions.

The company has received funding through a single deal, with the most recent being an Add-on funding round amounting to USD 335. 00 mn, led by Almaviva Santé on August 8, 2024. Joe Bergera serves as the CEO. Iteris, Inc.

specializes in providing a comprehensive suite of cloud-enabled solutions designed to optimize mobility infrastructure management. Their core offering, the ClearMobility® Platform, integrates advanced technologies to monitor, visualize, and enhance transportation systems. This platform serves more than 10,000 public agencies and private-sector enterprises, addressing critical issues such as traffic safety, efficiency, and sustainability. Key products include smart sensors for traffic detection, traffic signal design and synchronization services, and mobility intelligence analytics, all aimed at improving urban transportation.

Iteris' solutions are deployed across various geographical markets, including the United States and emerging markets in Europe and Asia, targeting local municipalities, state departments of transportation, and commercial enterprises involved in transportation and logistics. Iteris generates revenue through a transactional model that encompasses various forms of partnerships and service agreements with public and commercial clients. Their business structure primarily consists of B2B transactions, where public agencies and private enterprises subscribe to their services or purchase specific products tailored to improve mobility infrastructure. The pricing structure is typically based on multi-year contracts that may include software licenses, sensor installations, and ongoing technical support.

Iteris' flagship products, such as the ClearMobility® Platform and associated smart sensors, are integral to these transactions, providing essential tools for traffic management and urban planning. In August 2024, Almaviva Santé agreed to fully acquire Iteris, Inc. for USD 335 mn, enabling Almaviva Santé to strengthen its market position in the mobility sector. The company plans to leverage this acquisition to enhance its product offerings and expand into new markets.

Future product developments include enhancements to the ClearMobility® Platform and the introduction of additional mobility management solutions aimed at increasing the efficiency of urban transportation systems.