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.
Tags: co:airbiquity, deal, inv:acorn-ventures, inv:Ignition-Partners, inv:kirnaf-ltd, inv:shell-internet-ventures
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Roundup: File-sharing Pando gets funding, FCC may go after Comcast, Disney expects $1B from online » VentureBeat said:
[...] Online advertising company Adjug gets backing from Tomorrow Focus — Adjug, the London based ad marketplace, lets advertisers determine where on a Web page they can place an ad, and decide what price they will pay to the publishers (announcement of the strategic investment is here ). Softcoin, Web-based promotions company, raises $200,000 more — The Silicon Valley company offers promotion and loyalty programs online in the form of coupons. Customers get to redeem them in a store. The Brisbane, Calif. company has now raised $2.2 million in a third round of funding, which came from RRE Ventures, Greylock Partners and others, according toVentureWire. Wireless car technology gets adopted by Ford – Airbiquity lets a driver’s cellphone deliver location and diagnostic data about their vehicle. The Seattle company has just landed a customer in Ford. See our recent coverage of Airbiquity and its financing here. [...]