GeoSentric, an Amsterdam-based maker of geo-social networking technology, said it has secured $13.1 million in a financing round.
The financing was led by Horizon Group and Schroders Private Bank.
Here’s the statement.
The company is led by former senior executives from Netscape, Oracle and AOL/Time Warner, and it is about to launch a site called GyPSii, which remains closed.
Dan Harple, Executive Chairman of GeoSentric, said in a statement that the company combines search, location and personal content in a new form of geo-social networking; connecting people with people, with the places they frequent.
According to the statement:
GeoSentric’s flagship product is the GyPSii platform, which uses pioneering geo-location software technology to connect people to people, and people to places with new and exciting social community and location-specific services…GeoSentric develops high value solutions that deliver unique geo-based consumer and business applications that integrate a mobile user’s world with their desktop, digital television and PND devices.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more