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Runway Announces $50 Million in Debt Commitment to GPS Tracking Company
Runway Growth Capital has announced a $50 million debt commitment to Linxup, a St. Louis-based GPS tracking, telematics and fleet management provider. Runway said it will refinance Linxup’s...
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Xona Raises $250 Million, Launches Six Satellites for Commercial Navigation Network
Xona plans to use the new capital to scale satellite production, with a goal of building 50 spacecraft a year by the end of...
TomTom Revenue Falls as Automotive Sales Drop; Company Cuts 200 Jobs...
TomTom reported a 6% decline in third-quarter revenue and said it will cut approximately 200 jobs as part of a reorganization aimed at sharpening...
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Location Product News
Send your news releases to kdennehy@driverlessreport.com. Go to www.locationbusinessnews.com for more news and an archive of stories.
TrustPoint and Calian Validate Mass-Market C-Band...
BUSINESS TRANSACTIONS
TomTom Revenue Falls as Automotive Sales Drop; Company Cuts 200 Jobs in Reorganization
TomTom reported a 6% decline in third-quarter revenue and said it will cut approximately 200 jobs as part of a reorganization aimed at sharpening...
Allstate’s Arity to Acquire Traffic Data Company INRIX
Arity, a mobility data subsidiary of Allstate ALL 0.00%↑, has agreed to acquire substantially all the assets of INRIX, a Bellevue, Washington-based provider of...
BMW to Roll Out Maps Feature Combining Navigation and Driver Assistance in 3D View
BMW Group will introduce BMW Maps with Driver Assistance starting in November, combining route guidance, vehicle surroundings and active driver-assistance information into a single...
Xona Raises $250 Million, Launches Six Satellites for Commercial Navigation Network
Xona plans to use the new capital to scale satellite production, with a goal of building 50 spacecraft a year by the end of...
Weekly Product News
Location Product News
Send your news releases to kdennehy@driverlessreport.com. Go to www.locationbusinessnews.com for more news and an archive of stories.
TrustPoint and Calian Validate Mass-Market C-Band...
NEW DEALS
Allstate’s Arity to Acquire Traffic Data Company INRIX
Arity, a mobility data subsidiary of Allstate ALL 0.00%↑, has agreed to acquire substantially all the assets of INRIX, a Bellevue, Washington-based provider of...
