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Location-Sharing Startup Glympse Secures $12 Million in Funding

Jun 14, 2014 5:00 pm

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Location, location, location apps mean funding, funding, funding. Still a very hot category.

— Dennis Schaal

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Location sharing startup Glympse raised a fresh $12 million round of funding, the company announced.

Glympse produces real-time location tracking/sharing technology that’s been integrated into cars, commercial airplanes, messaging applications, wearable gadgets, and more. For example, Glympse’s tech was used to track the location of airplane passengers via a partnership with in-flight Wi-Fi company Gogo.

The startup said it plans to use the additional capital to hire more employees, further develop its technology, and go after new partnerships that will expand Glympse’s tech into new verticals.

The round, Glympse’s third, includes investments from new investors UMC Capital, Verizon Ventures, and others, as well as existing investors Ignition Partners, Menlo Ventures, and Naya Ventures.

Founded in 2008, the Seattle, Wash.-based startup currently has 21 employees and has raised a total of $20 million in funding to date.

This article originally appeared on VentureBeat

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