The 45-Second Trick For Apple files patent for Waze-like navigation system - Firstpost

Though Google and Waze have both noted that Waze will stay (primarily) independent, the coming months will expose how Google benefits from Waze's ingenious platform and patents. Related Tags: Google, patents, Waze.

Patents Assigned to Waze Mobile Ltd.

Mobile GPS navigation app Waze (Hebrew:,; formerly Free, Map Israel) is a subsidiary of Google that provides satellite navigation software. It deals with smartphones and other computers that have GPS assistance. It supplies turn-by-turn navigation details and user-submitted travel times and path details, while downloading location-dependent information over a mobile telephone network.

The Israeli company Waze Mobile developed the Waze software. Ehud Shabtai, Amir Shinar, and Uri Levine founded the company. Two Israeli equity capital firms, Magma and Vertex Ventures Israel, and an early-stage American venture capital company, Bluerun Ventures, supplied funding. Waze Mobile was acquired by Google in June 2013. The app creates earnings from hyperlocal promoting to an estimated 130 million month-to-month users.

In 2008, Shabtai formed a company called Waze to advertise the project. In 2009, the company name was changed to Waze Mobile Ltd. In 2010, the company raised $25 million in the second round of funding. The business raised an additional $30 million in financing the following year. The app was updated in 2011 to display real-time, community-curated points of interest, consisting of local events such as street fairs and protests.

In November 2012, the company likewise began to monetize its app in November 2012, using resellers and advertisers a web interface to market based on area, where a small icon appears when a phone is at a particular location, prompting the user to engage. The Most Complete Run-Down uses TV news stations a web interface to transmit current traffic reports and signals directly from the Waze app; the service had been used by 25 U.S.

It has actually likewise been utilized in Rio de Janeiro inside Centro de Operaes Rio (Rio's Operations Center) because July 24, 2013, along with in New york city and New Jersey considering that 2012. In 2013, the GSM Association, a trade association of mobile network operators, offered Waze the Finest General Mobile App award at the association's Mobile World Congress exhibit.