Inrix ingests $10M

It might be a little like predicting the weather...but Redmond-based Inrix says it's got a way to accurately tell you the traffic speed and flow on every major metropolitan freeway, arterial and side street across the U.S. -- both in real-time and predictive modes. Before you voice your skepticism, the VC community just ponied up $10 million in Series B funding in an oversubscribed round to help Inrix expand its business. Formerly known as Device-Works, Inrix has an interesting pedigree through founders Bryan Mistele and Craig Chapman, who previously were associated with Microsoft's mobile and embedded devices division. A third partner, Seth Eisner, is a former Expedia.com honcho.

-posted by Rachel