Overland Park, Kan. Startup Replica closed on a $41 million Series B led by Founders Fund. Other participants include all current investors; Innovation Endeavors, Sidewalk Labs, Rise of the Rest Fund, Firebrand, and TechStars.
Replica is a SaaS platform for urban planners and policy makers. The company pulls in a wide array of data from publicly available data sets like the US Census, as well as private data sources such as aggregate mobile location or credit transaction data, to paint an accurate and timely picture of the ‘built environment’ without compromising the privacy of any individuals.
Replica was formed as part of Alphabet, Google’s parent company, in 2018. It sprang out on its own in 2019. Customers include the State of California, the MTA in New York, NJ Transit in New Jersey, and CTA in Chicago. With the Biden administrations recently announced commitment for infrastructure the company says it expects its customer base to grow.
“The United States is in a generational transition period, creating a small window of opportunity for public agencies to shift and invest in infrastructure that represents the future of mobility rather than the past,” said a nameless person in a press release Wednesday. CEO Nick Bowden did not immediately return requests for interview.
According to CrunchBase the company closed a pre-seed and A round in 2019 for a total of $11 million.
Links:
