Replica Raises $41M in Series B Funding
Summary
Replica, an Overland Park, Kan.-based data platform to understand and manage urban ecosystems, raised $41m in Series B funding. The company intends to use the funds to grow its customer base and build new solutions. Led by Nick Bowden, CEO and Co-Founder, Replica provides professionals like urban planners and policymakers with a data platform to get access to insights about how people are living and moving throughout communities to consider the impacts, trade-offs and nuances of programs so they can make informed policy and spending decisions. Replica’s core technology is rooted in large-scale simulations powered by artificial intelligence and machine learning that help public and private sector customers assess current needs, investigate and develop new solutions, and forecast future impacts. These simulations leverage the company’s proprietary synthetic populations and behavior models, which enable the company to produce high-fidelity “replicas” of transportation and economic patterns.
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