TITLE

Dash Navigation Takes a Detour

AUTHOR(S)
Schachter, Ken
PUB. DATE
November 2008
SOURCE
Red Herring;11/3/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Dash Navigation to layoff employees and exit the hardware business in favor of a licensing strategy. According to company spokeswoman Gina Bender, the company received $30 million in venture funding and it has adequate capital to pursue its new direction. The company has initiated talks to license its system and has heard from consumers seeking Dash capabilities on their mobile phones. The company's backers also include Skymoon Ventures, Crescendo Ventures, Artis Capital and ZenShin Capital Partners.
ACCESSION #
36586097

 

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