GRIDSMART Technologies

About GRIDSMART Technologies

GRIDSMART Technologies, founded in 2006 by Bill Malkes, Jeff Price, and Vig Sherrill in Knoxville, Tennessee, specializes in video detection and data collection for the intelligent transportation systems industry. The company was established with the goal of improving traffic flow and safety through advanced vision processing technology developed by experts from institutions like Oak Ridge National Laboratory.

The company's core offering is the GRIDSMART System, a single-camera solution designed for intersection actuation, data collection, and situational awareness. The system uses a fisheye camera to provide a complete view of the intersection, which its software then analyzes to track vehicles and bicycles as they approach, enter, and exit. This tracking data is used to actuate traffic signals, reducing delays and improving traffic flow. The system also gathers detailed traffic data, including counts, turning movements, and vehicle speeds, which helps traffic engineers optimize signal timing and plan for future infrastructure needs. A key feature is its real-time remote monitoring capability, allowing traffic management centers to visually assess intersection conditions.

In November 2018, Cubic Corporation announced its acquisition of GRIDSMART for approximately $87 million. This acquisition integrated GRIDSMART into Cubic's Transportation Systems business division, which aims to provide comprehensive solutions for traffic management in urban and highway environments. GRIDSMART now operates as a part of Cubic, continuing to serve municipalities and traffic departments across the globe. The system has been deployed in numerous countries and U.S. states.