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Monday, June 16, 2014

More funding for real-time location service Glympse

Real-time location sharing service Glympse says it’s picked up $12 million (£7 million) in additional funding, with new investors UMC Capital, Verizon Ventures and some unnamed strategic investors joining existing investors Ignition Partners, Menlo Ventures and Naya Ventures. It means the company has raised almost $20 million since launch.

Glympse offers real-time, temporary location sharing via mobile devices, enabling users to share their location or journey without allowing themselves to be permanently ‘tracked’. The company’s services have also been integrated into products and services including Blackberry Messenger, Ford vehicles, the Samsung Galaxy Gear watch and Garmin navigation .

Bryan Trussel, co-founder and CEO of Glympse, said “Glympse has set the standard for real-time location sharing, reaching the tens of millions of loyal users who have downloaded the Glympse app and tens of millions of additional consumers through our platform partners. Our lean team has been able to accomplish tremendous things, and this latest round sets the stage for more rapid development and expansion.”

Glympse, which is based in the US city of Seattle, currently employs 21 people.

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Author: The Fonecast
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