Naverus Nets $4M for Navigation Software
Gregory T. Huang4/17/09
Kent, WA-based Naverus, a maker of novel navigation software for airlines, announced today it has raised $4 million in funding led by Foundation Capital and East Peak Partners. Naverus has developed a performance-based navigation system, which provides precise flight paths that are faster and more fuel-efficient and reduce carbon emissions. The company has airline customers in the U.S., Canada, Australia, and China.
Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.
