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    Wednesday, October 27, 2004

    Networks In Motion Receives $5M
    Irvine-based Networks In Motion has formally announced the close of its Series B Venture funding. The company raised $5M from Redpoint Ventures and Mission Ventures. Networks In Motion said that the funding will be used to grow its core personnel. Networks In Motion is developing location-based services and software, based on GPS technology. The company currently provides high quality mapping and navigation software for cell phones, similar to in-car navigation systems; as well as software used to track mobile users by companies.
    posted on Wednesday, October 27, 2004 (Link to more information)

    Related companies:
    Less Networks

    Related stories:
    > Networks In Motion Raises $10M
    > Networks In Motion Reports Subscriber Growth
    > Networks In Motion Names VP
    > Networks In Motion Creates Research Lab
    > Networks In Motion Expands In Europe

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