It’s been a long road for Airbiquity, but it appears to have finally found its home in wireless communications for vehicles.
Founded before the dotcom-boom, Airbiquity had big plans centering around adding GPS capabilities to mobile phones, but failed to execute. The company nearly disappeared during the tech crash.
It has since reworked its business into a wireless service for vehicles that tracks factors like performance, airbag deployment and navigation, and also allows some features like emergency calling and concierge services. The company says its product is installed in over 8 million vehicles.
The $25 million funding was led by Ignition Partners. Previous investors Acorn Ventures, Kirnaf LTD and Shell Internet Ventures also participated. Airbiquity is based in Seattle, Washington.