TITLE

$25M Drives Airbiquity Toward Navigation Devices

AUTHOR(S)
Schachter, Ken
PUB. DATE
January 2008
SOURCE
Red Herring;1/22/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the $25 million investment received by telematics company Airbiquity from a venture round led by Ignition Partners. The investment will be allocated to extend its technology for personal navigation devices and its marketing to Europe and Asia. It will also be used to combine Airbiquity's ability to move data over cellular voice channels with personal navigation devices. Investors Acorn Ventures, Kirnaf LTD and Shell Internet Ventures also participated in the venture funding. Airbiquity projects that it will experience cash-flow positive in 2009.
ACCESSION #
36962038

 

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