Wednesday, November 16, 2005
WaveMarket Uses GPS For Mobile Applications
Emeryville, Calif.-based WaveMarket's software is used in mobile phones and mobile phone networks.
Family Finder lets parents look up the location of children online or via cell phone, using color maps. Parents can even set up the system to send them a text message if children stray from a preset boundary.
GPS chips in the cell phones receive signals beamed down from a satellite orbiting Earth. Those data are routed to the wireless firm's computer system, which pinpoints a phone user's position
Started in mid-2000, WaveMarket has raised more than $20 million in funding. Investors include Qualcomm, Intel's Intel Capital, British Telecom, Telecom Italia and venture capital firms Draper Fisher Jurvetson and BlueRun Ventures. BlueRun was formerly Nokia Venture Partners.
To see the Demo