Porsche Holding Invests $55M, Takes 10% Ownership in Traffic Provider Inrix

On Friday last week Porsche Automobil Holding SE announced a $55 million investment in traffic provider INRIX valuing the company at $550 million. Porsche Automobil Holding SE is the investment vehicle of the Porsche family that is a majority shareholder in Volkswagen AG.

To date, Inrix has grown through ventur…