Numetric is a cloud-based business intelligence (BI) platform that specializes in traffic safety analytics. Founded in 2015 and headquartered in Draper, Utah, the company aims to empower state and local agencies to make data-driven decisions to enhance roadway safety. By integrating and visualizing traffic safety data, Numetric enables agencies to optimize resource investments and reduce roadway fatalities.
Key Strategic Focus
Numetric's strategic focus is on providing comprehensive traffic safety analytics solutions tailored for transportation agencies. The platform offers a suite of applications designed to automate and accelerate critical analyses, including intersection analysis, trend analysis, safety analysis, predictive analytics, crash queries, network screening, collision diagrams, and reporting. These tools facilitate faster, in-depth analyses and seamless data sharing among stakeholders, enabling informed decision-making to optimize investments and reduce fatal crashes.
Financials and Funding
Since its inception, Numetric has secured approximately $21.8 million in funding. The funding history includes a Seed Round in December 2016, a Series A round in October 2017, and a Venture Round in April 2020. The April 2020 funding round raised $5 million, aimed at enhancing the company's data analytics capabilities and expanding its reach within the traffic safety sector.
Technological Platform and Innovation
Numetric's platform is distinguished by its user-friendly interface and robust analytics capabilities. The cloud-based suite includes applications for intersection analysis, trend analysis, safety analysis, predictive analytics, crash queries, network screening, collision diagrams, and reporting. These tools are designed to automate and accelerate transportation engineers' most time-consuming processes, enabling agencies to perform critical analyses faster and with more depth. The platform also facilitates easy, flexible sharing of data through static reports, dashboards, or powerful analytics tools, ensuring that insights are accessible to all stakeholders.
Leadership Team
Numetric's leadership team is spearheaded by CEO Nate Bowler, who also serves as a board member. Co-founder John Guymon contributes to the company's strategic direction. Ryan Loveless holds the position of Vice President of Finance, overseeing the company's financial operations.
Competitor Profile
In the data visualization and business intelligence sector, Numetric faces competition from several companies:
- Comelio: A development and consulting company specializing in business intelligence and data science.
- Scolvo: Provides business process transformation and mobile productivity applications services.
- RiTS: Offers information technology services.
- netBI: Provides web-based data management solutions.
These competitors offer various data visualization and business intelligence solutions, each with unique features and market focuses.
Strategic Collaborations and Partnerships
Numetric has established significant partnerships to enhance its market position and innovation capacity. Notably, the company collaborates with AASHTOWare Safety and the Vision Zero Network, aligning with organizations dedicated to improving traffic safety and reducing roadway fatalities.
Operational Insights
Numetric's strategic focus on traffic safety analytics, combined with its user-friendly platform and robust analytics capabilities, positions the company as a key player in the transportation sector. The company's emphasis on automating and accelerating critical analyses, along with its partnerships with organizations dedicated to improving traffic safety, provides a distinct competitive advantage.
Strategic Opportunities and Future Directions
Looking ahead, Numetric is poised to expand its reach within the traffic safety sector by enhancing its data analytics capabilities and forming additional strategic partnerships. The company's commitment to providing comprehensive, user-friendly analytics solutions positions it well to address the evolving needs of transportation agencies and contribute to the reduction of roadway fatalities.
Contact Information
- Website: www.numetric.com
- Headquarters: Draper, Utah, United States
