New joint venture Teranexa brings AI-powered Smart City solutions to municipalities

Direct Digital Holdings and Green Tea Technology are combining their expertise to launch Teranexa, a new joint venture aimed at helping cities implement AI solutions for smarter operations and improved constituent services. The partnership merges Direct Digital Holdings’ data monetization capabilities with Green Tea Technology’s IT deployment expertise to offer comprehensive “Smart City as a Service” AI platforms through established industry leaders like IBM and HPE. This collaboration represents a significant development in how municipalities can address operational challenges through unified, AI-driven infrastructure solutions.

The big picture: Teranexa aims to transform how cities operate by providing AI enablement platforms that unify hardware, software, and services into comprehensive solutions for urban challenges.

• The joint venture leverages Direct Digital Holdings’ data monetization expertise and Green Tea Technology’s IT deployment capabilities to create scalable, AI-driven municipal solutions.
• By offering these services through certified industry partners like IBM and HPE, Teranexa positions itself as an integration hub rather than competing directly with established technology providers.

What they’re saying: Both companies’ leadership emphasize Teranexa’s potential to revolutionize city operations through AI-driven solutions.

• Mark Walker, CEO of Direct Digital Holdings, described the venture as “a potential to improve city operations, making them more efficient and data-driven.”
• Mike Little, CEO at Green Tea Technology, highlighted that Teranexa will “provide a Smart City as a Service AI platform for cities to enhance operations and facilitate data-driven decision-making.”

Why this matters: Cities face increasingly complex challenges requiring sophisticated technological solutions, but often lack the expertise or resources to implement them effectively.

• Teranexa’s approach of unifying infrastructure costs could make advanced AI implementations more accessible to municipalities with limited budgets.
• By creating a foundation for growth and long-term development, the venture addresses not just immediate operational needs but also strategic urban planning concerns.

What’s next: Teranexa will begin its market introduction with a soft launch event during SXSW in Austin, Texas on March 7th, 2025.

• The gathering will provide industry professionals an opportunity to learn about Teranexa’s approach to city innovation and network with others in the urban technology space.
• Interested parties can visit Teranexa.ai or request an invitation to the SXSW event through links provided by the company.