Rapid Flow Technologies Inc. Asset Profile

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Year established

2006

Location

Pittsburgh PA US

Primary Industry

Software

About

Based in Pennsylvania, US, and founded in 2006 by its co-founders Stephen Smith and Greg Barlow, Rapid Flow Technologies operates as a developer of an intelligent transportation system designed to reduce traffic congestion and optimize traffic control. In October 2022, Miovision Technologies Inc., a portfolio company of BDC Capital, Comerica Capital Advisors, HarbourVest Partners, InvestEco Capital, McRock Capital, MKB, Plaza Ventures, Renewal Funds, and TELUS Ventures, acquired Rapid Flow Technologies. As of October 2022, the company's system is installed at 350 intersections, including installations integrated with Miovision TrafficLink in Peterborough, Ontario, and Quincy, Massachusetts. The company is led by its CEO Griffin Schultz. Rapid Flow Technologies has developed Surtrac an adaptive traffic signal control system that optimizes the performance of signals for the traffic that is actually on the road, improving traffic flow for both urban grids and corridors. The system can integrate vehicle, pedestrian, bus, and bicycle traffic flows according to pre-specified priorities. In addition, the company offers Routecast a communication solution that allows multi-modal travelers to share their route information in real time with Surtrac.

Current Investors

Miovision Technologies Inc.

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Primary Industry

Software

Sub Industries

Public Transit/Transportation, Application Integration Software

Website

www.rapidflowtech.com

Verticals

Artificial Intelligence, Big Data, IoT (Internet of Things)

Company Stage

Add-on

Total Amount Raised

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