Finance & Legal

Map Visualization Startup CartoDB Raised $23 million in Series B Round - 09/10/2015

Location data startup CartoDB announced today the closing of a Series B financing round of $23 million to fuel the development of its platform made to visualize big (location) data on maps. The funding is led by Accel Partners, with participation...

INRIX to Acquire ParkMe - 09/09/2015

Real-time traffic provider INRIX has acquired parking information startup ParkMe, according to people familiar with the matter. According to our information the deal does not involve cash payment but shares in INRIX. Based out of Santa Monica,...

u-blox Revenues Up 33.1% in H1 2015 - 09/09/2015

GPS chipset and connectivity module vendor u-blox announced last week very positive financial results for the first half of 2015. The Swiss company generated revenues of CHF 161.9 million ($165.2 million) during the first half of 2015, an increase...

PhantomALERT Sues Waze & Google For Illegal Database Copying - 09/02/2015

Speedcam and Red Light camera database vendor PhantomALERT has filed a lawsuit against Waze and Google, their law firm Kronenberger Rosenfeld announced yesterday. The lawsuit alleges that, before it was acquired by Google, Waze copied PhantomALERT’s...

Life360 Acquires Context-Aware App Chronos - 09/01/2015

Family network app Life360 has acquired Chronos Mobile Technologies, a startup that created a quantified-self, contextual-awareness engine that combines location with other passively-collected data to understand people's day-to-day patterns and...

Lockheed Martin Joined $17M Round in Truck Platooning Startup Peloton - 08/31/2015

Peloton Technology, a developer of truck platooning technology, today announced an investment agreement with Lockheed Martin to accelerate Peloton’s development and deployment of its system for the U.S. and international trucking industries....

Indoor Loc Vendor Sensewhere Gets Investment from Chinese Tencent - 08/24/2015

Earlier this month Scotland-based indoor location technology vendor sensewhere has announced a strategic investment from Chinese web giant Tencent. “Tencent has also secured a license to use sensewhere indoor positioning software as part of its...

Adidas Acquired Runtastic for €220 Million - 08/07/2015

Adidas Group has announced this week the acquisition of Runtastic for a value of €220 million. Founded in 2009 in Austria, Runtastic has 70 million users today across over 20 apps covering a wide variety of endurance, health and fitness activities....

Telematics Vendors BSM Technologies and Webtech Wireless Have Merged - 08/04/2015

Two fleet telematics vendors BSM Technologies and Webtech Wireless have announce last week their merger. Both companies are listed on the Toronto Stock Exchange. The transaction is structured as a merger of equals with a combined transaction equity...

HERE Acquisition: What Does it Mean? - 08/03/2015

Audi, BMW and Daimler have announced today the acquisition of digital map platform HERE from Nokia. This deal does not come as a surprise because the discussions were already not only rumored but also acknowledged publicly by Audi executives. Now...

AUDI, BMW and Daimler Have Acquired HERE for €2.8B - 08/03/2015

Audi, BMW and Daimler have announced today the acquisition of digital map platform HERE from Nokia. The transaction values HERE at an enterprise value of EUR 2.8 billion. “The three partners will each hold an equal stake in HERE; none of them seeks...

Garmin to Open 2,600 Sq Foot Store in Miami - 07/30/2015

GPS manufacturer Garmin today announced that it will open new brick-and-mortar stores in the greater Miami area. First Garmin will open a 2,600 square-foot store located at the Lincoln Road Mall in Miami. Lincoln Road is a popular pedestrian mall...
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