Coord, a Sidewalk Labs spin-out, raises $5 million to help mobility services better integrate into cities
Coord, the mobility data startup that spun out of Alphabet-owned Sidewalk Labs, has raised a $5 million Series A round led by Alliance Ventures, with participation from Trucks, Urban.Us and DB Digital Ventures.
The plan with the funding is to continue to enhance Coord’s APIs and geographic coverage, as well as “build a bridge between the private and public sectors,” Coord co-founder and CEO Stephen Smyth wrote on Medium.
Coord offers a few products for its customers, which includes companies like Zipcar, Mozio and Google’s Maps product. There’s the Tolls API, which keeps tabs on toll roads, bridges and tunnels to determine the costs of trips; the Curbs API that is designed to help drivers easily figure out the parking and passenger loading rules (think ride-hailing drivers) in the area, meter prices and so forth; as well as a Routing API that uses real-time information to surface the best multi-modal routes.
And as bike-sharing and scooter-sharing continue to expand across the world, Coord also offers a Shared Vehicle API to enable its customers to integrate the real-time availability, prices and locations of both bikes and scooters.
“Our goal is to help the public and private sectors speak the same language when it comes to urban transportation,” Smyth wrote. “While many private companies are not well integrated into existing transportation systems of today, we believe that end users will ultimately demand interoperability across all of the systems in a city. To that end, we are driving standardization of transportation-related data across cities.”