Connected Signals delivers real-time, predictive traffic signal data for connected & autonomous cars

TL;DR

Connected Signals uses live data from traffic lights to provide real-time information to drivers, carmakers, transportation networks, and autonomous vehicles.

Transcript

so as part of the as part of the syndicate process we've asked other angel investors in our group in this case a sure connected us with connected signals which is the first time I'll be seeing this company and I'll be making a decision how involved I want to get in it right now Matt you have three minutes on the clock three to go thank you my name ... Read More

Key Insights

• 🤣 Connected Signals is in negotiations with automakers to roll out their functionality in 2019 model year cars, establishing a beachhead market.
• 🤗 Sale cycles with local municipalities can be lengthy, but Connected Signals has made progress by offering solutions to cities' problems and following open data initiatives.
• 🚥 The latency between getting traffic light data from the cloud to cars is under a second, as traffic lights have been designed to handle such delays.
• 💦 Connected Signals plans to work with automakers to offer fleet-wide pricing and support for all vehicles.
• 🐕‍🦺 The company does not pay cities for data, but instead supports them by providing data rebroadcasting services.
• 🙂 Concerns about inducing bad behavior in drivers are addressed by selectively providing information that promotes better behavior and by limiting countdowns on red lights to prevent illegal speeding.

Questions & Answers

Q: How does Connected Signals obtain traffic light data?

Connected Signals obtains data from traffic lights directly or through cameras. They currently receive live data from 12,000 traffic lights on three continents.

Q: Who benefits from the real-time information provided by Connected Signals?

Drivers can know if they have enough time to complete tasks while waiting at red lights. Car makers can use the information to improve fuel efficiency, and transportation networks rely on accurate time estimates. Autonomous car makers can avoid embarrassing incidents by receiving accurate traffic light information.

Q: How does Connected Signals ensure data accuracy and low error rates?

Connected Signals uses higher resolution video data, proprietary algorithms, and faster analysis techniques, resulting in lower error rates compared to carmakers' current video analysis methods.

Q: What is the revenue potential for Connected Signals?

With 18 million cars sold annually in the United States, Connected Signals can earn between $10 to $60 per car. Additionally, Uber provides over five million rides per day, illustrating a large market potential.

Summary & Key Takeaways

• Connected Signals aims to solve the problem of cars not knowing what traffic lights are doing.

• They provide real-time information to drivers, carmakers, transportation networks, and autonomous vehicles, using data from 12,000 traffic lights on three continents.

• The company's proprietary algorithms and higher resolution video data make their traffic light information more accurate than what carmakers currently use.