INRIX, the developer of a listing search tool that lets homebuyers filter properties based on commute time, has sold a 10 percent stake to the Porsche family for $55 million in a funding round that values the Kirkland, Washington-based company at about $550 million, Bloomberg News reports. Real estate franchisors Berkshire Hathaway HomeServices and Re/Max have licensed INRIX’s Drive Time tool, and multiple listing service platform provider CoreLogic signed a deal in November to make the tool available to MLSs. Source: bloomberg.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top