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Intersection "LinkNYC" Maker Grab $150 Million Funding

Intersection "LinkNYC" Maker Grab $150 Million Funding

Intersection pulls new funding today, the leading smart cities technology and media company, focused on transforming the urban experience by connecting the digital and physical worlds, today announced the close of a $150 million funding round.

Founded in 2015, Intersection applies digital technology to the physical world to improve the experience of public space.

Intersection has over 600 employees and is headquartered in New York City. The company has eight offices in the US and a network of products deployed in Chicago, Charlotte, Dallas, Houston, Los Angeles, Minneapolis.

The investment was made by a consortium of investors led by Graham Holdings Company, with participation from new investors ArrowMark Partners and NewSpring.

Intersection will use the funding to bring the highly-successful and fast-growing Link product and other smart city technologies to cities and transit systems around the world, accelerate the digitization of its existing media asset network in top US.

We believe in the transformative power of technology to elevate the urban experience - delivering benefits like free internet connectivity, real-time information, localized content, and civic services - as Link has done on the streets of New York City and London," said Ari Buchalter, CEO of Intersection. "We are incredibly excited to be joined by a visionary group of investors to help propel our technology leadership position in the smart cities and digital media spaces."

With award-winning products like LinkNYC, the largest and fastest free public Wi-Fi network in the world, Intersection connects the digital and physical worlds, enhancing people's journeys through their cities and offering brands the opportunity to drive more relevant and engaging advertising, rooted in real-world context.

According to Crunchbase data intersection has a cash log of $150 million thus far.

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