Other location industry companies follow with cuts
Autonomous vehicle developer Waymo laid off employees earlier this week in a move that came after large cuts at parent company Alphabet and Google GOOG -0.36%↓ . The company is still forging ahead with its robotaxi operations in California and Arizona.
However, once...
Outdoor tracking company Strava has acquired European 3D mapmaker Fatmap for an undisclosed amount. Founded in 2009 and used by more than 100 million people worldwide, Strava offers GPS-based tracking services for cyclists and runners.
For its part, Fatmap, which offers a $30 per...
Verizon VZ 4.23%↑ and Centech recently announced the results from the first cohort of startups and scaleups in the 5G Development Hub. Of the seven startups in the program, Peytec is an industrial IoT and AI company that builds and sells location tracking and sensing solutions.
Peytec specializes...
Can Apple grab a foothold in an area dominated by Google?
While Apple’s AAPL 0.02%↑ ambitious launch last week of Business Connect looks to be a solid one, industry analysts are wondering how will businesses find out about it—and does it lead to ads on the Maps platform?
Apple...
WASHINGTON—The annual Transportation Research Board meeting here showcases government and academic programs, with student poster board sessions and updates on worldwide testing. However, in a session titled, “A Critical Look at the State of the Automated Vehicles Industry,” several industry executives...
Sheeva.AI has finalized a $9.25 million Series A funding round, led by investors Reynolds and Reynolds Company, with additional funding from Poppe + Potthoff Capital GmbH and Pegasus Tech Ventures.
Sheeva.AI offers precise geolocation technology that allows drivers to pay for and receive such services...
Semtech Completes $1.2 Billion Sierra Wireless Acquisition
Semtech SMTC 0.63%↑ and Sierra Wireless SWIR 0.00 have announced the completion of Semtech’s acquisition of Sierra Wireless for $1.2 billion in an all-cash transaction. Semtech says the deal nearly doubles its annual revenue by adding $100 milion in...
Espoo, Finland-based Quuppa has partnered with Datalogic to offer the Joya Touch 22 shopping companion. The Joya Touch 22 integrates the Quuppa Intelligent Locating System that is used in such industries as manufacturing and logistics, retail, healthcare, sports, law enforcement and security, the company said.
The unit supports...
Company rolls out 3D Live Navigation, Mapbox for EV and makes a deal with Toyota Europe
LAS VEGAS—Mapbox rolled out its Mapbox 3D Live Navigation at CES that seeks to improve a driver’s ability to understand their digital map in different scenarios. 3D...
Portland, Ore.-based PreAct Technologies has announced it has raised $14 million in Series B funding. Led by I Squared Capital, the round also included funding from State Farm Ventures, Luminate, and Traylor Capital.
“The bulk of the new funding will be used to enhance research and...
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