IndoorAtlas Garners $10,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d232deb-dbcc-46f2-a6a1-25614bc19ae8
Date
9/3/2014
Company Name
IndoorAtlas
Mailing Address
1503 Grant Rd. Mountain View, CA 94040 USA
Company Description
IndoorAtlas is the world‘s first company to utilize magnetic anomalies inside buildings and smartphones to pinpoint indoor locations. This results in an indoor position accuracy down to 1-2 meters without any additional infrastructure.
Website
http://www.indooratlas.com
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company will be using the funding towards ramping up R&D, engineering and business development in the US, Asia, and Europe.
M&A Terms
Venture Investor