VC: LBS chips maker gets $16.2M

Newport Beach, California-based GloNav has raised $16.2 million in its first round of venture capital from Atlantic Bridge Ventures. The company is a spinoff from Ceva that makes mobile phone chips embedded with GPS technology. Ever since Disney launched its Family Locator service, the LBS sector has seen a renewed interest from the VC community. Site

Suggested Articles

Verizon on Tuesday expanded its 5G millimeter wave service to select parts of three new cities, and also released 5G coverage area maps.

T-Mobile’s recent promises to make its merger with Sprint more attractive are not enough to persuade New York's AG to drop the case.

The senators urge the U.S. national security advisor to designate a dedicated 5G overseer.