Boston, MA – According to filings with the U.S. Securities and Exchange Commission, RailPod is raising $11,420,221.00 in new funding. Sources indicate as part of senior management Founder, Brendan English played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About RailPod

RailPod entered the railroad track inspection industry after winning the MassChallenge in 2013 with a $100,000 prize and a mission to make railroads safer and more efficient. The RailPod vehicles you see working on the tracks today have gone through four generations of development. The RailPod is small, portable, customizable and operator friendly. With a short training period, just about anyone can use our system to collect high quality track and wayside data. The RailPod platform delivers best-in-class data for an assortment of track and wayside inspection services. The highly accurate and repeatable data, combined with low operating costs, allows for predictive maintenance actions to help reduce capital budgets or better optimize maintenance budgets.

To learn more about RailPod, visit http://rail-pod.com/

Contact:
Brendan English, Founder
617-826-9536
brendan_english@rail-pod.com
https://www.linkedin.com/in/brendanenglish/

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