San Francisco area-based Life360 LIF 6.41%↑ last week announced the pricing of its initial public offering in the U.S. of 5,750,000 shares of common stock. The company owns Tile, which offers tracking devices with a mobile app to track people, pets and valuables.
The company, which...
Telematics company CalAmp has filed Chapter 11 bankruptcy as part of a debt-cutting deal that places control of the company with lender Lynrock Lake Master Fund LP.
The company estimated that while its assets were about $281.2 million—it’s liabilities totaled $355.4 million. The...
Targeting real-time location system (RTLS) service providers and integrators, u-blox last week launched u-locate. The indoor positioning solution, based on Bluetooth LE angle-of-arrival (AoA), delivers positioning accuracy levels down to 10 centimeters, the company said.
The company said the targeted RTLS and systems...
Miovision Selects TomTom to Power Traffic Signal Solutions
TomTom has been selected by Miovision to improve signal analytics and in-vehicle solutions with traffic data and real-time/historic traffic flow information. Miovision will use TomTom’s Junction Analytics product, that determines the number of vehicles passing through...
U.S. government also taking a $17 million bite out of transportation PNT efforts…
Reacting to worldwide jamming incidents and other GPS interference, the U.S. Defense Department is asking $1.5 billion for positioning, navigation and timing (PNT) resiliency programs as part of its fiscal...
Comtech CMTL -0.45%↓ has announced that it signed a contract, which could potentially be worth more than $250 million, with the Commonwealth of Massachusetts for continued operation and maintenance of the state’s Next Generation 911 (NG911) system.
Comtech signs NG911 deal that could be worth $250 million...
Geotab has partnered with Rivian to deliver an integrated data solution for Rivian's commercial vehicles in North America. The solution, announced at the Advanced Clean Transportation Expo, will use embedded telematics in Rivian's commercial vehicles that will enable integration of vehicle data into the MyGeotab platform,...
Overland AI Secures $10 Million in Funding
Overland AI has secured $10 million in seed funding, led by Point72 Ventures with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital, and Cubit Capital. Overland AI’s plans to increase its workforce and increase development and testing of...
Biggest series of investigations since the advent of autonomous driving…
It’s been a tough couple of weeks for autonomous vehicle companies as the National Highway Traffic Safety Administration (NHTSA) is opening investigations, and expanding others, into the alleged safety performance of...
Swift Navigation this week announced a partnership with SK Telecom SKM -1.46%↓ to launch AI-powered, location products in the Republic of Korea. The companies have designed and deployed, and now are jointly operating, Swift’s Skylark Precise Positioning Service throughout Korea.
As part of the deal, SK Telecom...
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