Waze Raises $25M For Crowdsourced GPS
Crowdsourcing start-up Waze, which provides a real-time GPS and traffic service, has raised $25 million in venture funding. Blue Run Ventures, Magma and Vertex led the round, which included participation from strategic investor Qualcomm Ventures. With the new financing, Waze, which is based in Silicon Valley and Tel Aviv, Israel, plans to expand its staff, development, and move into a new office space.
9 December 2010•2 mins read
