StageOther Investors | Alive
Missing: Seeker Wireless's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Seeker Wireless's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Latest Seeker Wireless News
Dec 20, 2011
Location Labs Unit Scoops Up Assets of Seeker Wireless December 20, 2011 at 4:00 am PT Print Location Labs has acquired the assets of Seeker Wireless , a company whose technology allows feature phones to provide the kind of advanced location services more typically found on smartphones. Seeker’s technology will find its way into a newly created division of Location Labs, known as Safely, which will house the company’s privacy and safety products, including its family locator and safe-driving applications . While most of Location Labs’ products thus far have focused on smartphones and developed countries, Seeker has a technology that allows geofencing and other location-based applications using the SIM card found in even the most basic wireless phones. Location Labs didn’t have to pay a bundle for the technology, either. The company acquired Seeker’s products and intellectual property for a figure of up to or just over $1 million, I’m told. That’s a far cry from the $27 million in venture funding that Seeker had raised. With the acquisition, Location Labs is splitting itself into two units: Safely will focus on the use of geofencing and location technologies for consumer safety, while the main Location Labs unit will focus on the core technology as well as licensing the technology to businesses, primarily in the retail space. It’s the third acquisition this year for the fast-growing and profitable Location Labs, which in October announced its purchase of Wirkle and Volly. “We’re active in the market,” says CEO Tasso Roumeliotis. “We are looking to acquire companies.” As for when Safely might have products incorporating Seeker’s technology, Roumeliotis said the goal is to have something ready by the end of next year. “We’re digesting right now,” Roumeliotis said. Tagged with: Location Labs, Safely, Seeker Wireless, Tasso Roumeliotis, Volly, Wirkle
Seeker Wireless Frequently Asked Questions (FAQ)
When was Seeker Wireless founded?
Seeker Wireless was founded in 2003.
What is Seeker Wireless's latest funding round?
Seeker Wireless's latest funding round is Other Investors.
Who are the investors of Seeker Wireless?
Investors of Seeker Wireless include Unigestion.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.