The 3-Minute Rule for Waze - Tech Stack, Apps, Patents & Trademarks - Crunchbase

Though Google and Waze have both kept in mind that Waze will stay (mainly) independent, the coming months will expose how Google makes the most of Waze's ingenious platform and patents. Associated Tags: Google, patents, Waze.

Patents Assigned to Waze Mobile Ltd.

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

The Israeli business Waze Mobile established the Waze software. Ehud Shabtai, Amir Shinar, and Uri Levine established the company. More Details , Magma and Vertex Ventures Israel, and an early-stage American venture capital firm, Bluerun Ventures, provided funding. Waze Mobile was acquired by Google in June 2013. The app generates income from hyperlocal promoting to an approximated 130 million monthly users.

In 2008, Shabtai formed a business called Waze to advertise the task. In 2009, the company name was changed to Waze Mobile Ltd. In 2010, the company raised $25 million in the 2nd round of funding. The business raised an extra $30 million in funding the following year. The app was updated in 2011 to show real-time, community-curated points of interest, consisting of local occasions such as street fairs and demonstrations.

In November 2012, the company also started to monetize its app in November 2012, offering resellers and marketers a web user interface to advertise based on location, where a little icon appears when a phone is at a specific location, prompting the user to engage. It likewise provides television news stations a web user interface to transmit present traffic reports and notifies directly from the Waze app; the service had actually been used by 25 U.S.

It has likewise been used in Rio de Janeiro inside Centro de Operaes Rio (Rio's Operations Center) given that July 24, 2013, in addition to in New York and New Jersey given that 2012. In 2013, the GSM Association, a trade association of mobile network operators, provided Waze the Finest General Mobile App award at the association's Mobile World Congress exhibit.