TeleNav was founded in 1999 with one visionary goal: bring sophisticated turn-by-turn GPS navigation to the consumer. Four years later, in 2003, we launched North America’s first mobile GPS navigation service, TeleNav GPS Navigator. Since then we have dominated the wireless Locations Based Services (LBS) market, with two of the industry’s best-selling products, the consumer-oriented TeleNav and the business-oriented TeleNavTrack Mobile Resource Management. Headquartered in Santa Clara, California, we have 220 experienced professionals dedicated to our LBS applications. As our many awards for originality and performance attest, we provide the most advanced suite of mobile navigation products in the industry. TeleNav products are renowned for providing the best user experience available. Performance, reliability, usability and speed under any conditions – all result from our proven X-Nav platform and patented geo-location technologies. If you’re looking for TeleNav, we’re easy to find.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 02/28/06 | Series E | 30M | Pontifax Fund, Poalim IBI Underwriting and Investments, Ofer Hi-Tech Ventures, TRD Instrum Ltd. | Unknown |