Founded in 2003, Skyhook Wireless has pioneered the development of metro-area positioning system that leverages Wi-Fi rather than GPS or cell towers to deliver precise location data (in-door and outdoor). In the past year, Skyhook has announced deals with AOL, SiRF, iRiver, Navteq and TeleAtlas.
“In our discussions with mobile device manufacturers from music players to cellular phones we found that Wi-Fi integration is a foregone conclusion,” said RRE Ventures’ General Partner Will Porteous. “Given the many advantages of Skyhook’s Wi-Fi Positioning System and the penetration of Wi-Fi into mobile devices, we believe that Skyhook has an opportunity to be an integral part of every mobile device.”
The new capital will be used to expand the Skyhook Wireless coverage network to Europe and Asia. Today, Skyhook covers 70% of the U.S. and Canadian populations. By the end of 2007, Skyhook expects its coverage will include the top 50 European metropolitan areas and the top 15 Asian cities. Skyhook also intends to expand its software footprint onto newer mobile device platforms. Already this year, the company announced Windows Mobile, Linux and Mac OS X versions of its software.