M2M company Airbiquity raises $22m, wants to enter the PND market

M2M company Airbiquity raises $22m, wants to enter the PND market
Airbiquity Inc., a wireless data communications solutions provider, yesterday announced it has closed on $25 million in new funding. Airbiquity said it will use part of this funding to enter into the personal navigation device (PND) market.

Data over voice
Airbiquity key technology is aqLink; it utilizes the voice channel of a cellular network to transmit data. Airbiquity’s aqLink modem enables low-cost, two-way data connectivity on personal navigation devices through the use of a consumer’s handset and the device’s Bluetooth Hands-free profile.

Services supported through Airbiquity’s partner program include real-time traffic and navigation, concierge services, emergency calling features among others. Additionally, Airbiquity offers VIAaq, a managed Telematics data service that makes it easier for Personal Navigation Device (PND) suppliers to develop and launch dynamic information services.

For this round of funding, Airbiquity’s current investors, Acorn Ventures, Kirnaf LTD and Shell Internet Ventures, have been joined by Ignition Partners. With its experience in the global wireless industry, Ignition Partners is expected to provide important industry insights as Airbiquity continues to expand its international partner and customer portfolio.

Wednesday, January 23rd 2008

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