Networks In Motion Closes $10 Million Funding

Networks In Motion, the wireless navigation and location-based services (LBS) company, has closed a $10 million third round of financing led by Sutter Hill Ventures. Previous investors Redpoint Ventures and Mission Ventures also invested.
Operators use the Irvine, CA-based company’s platform to launch location-based, real-time navigation services on a GPS-enabled cellular phone.

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