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High Tech Series A Founded 2008

AlterGeo

AlterGeo is a provider of hybrid geolocation technology that enables electronic devices to be positioned worldwide with 20 to 30 meters of accuracy( The company's Hybrid Location API combines WiFi( WiMAX( GSM( LTE( and IP address approaches to deliver positioning capabilities for electronic device makers and web service and mobile app developers( The platform has traced over 135 million WiFi( WiMAX( GSM( and LTE…

📍 Moscow, Russia · Geographic Information Systems

Funding snapshot

Last roundSeries A
Amount$10M
Date9 June 2011
Total raised$10M
Team size5

About

AlterGeo is a provider of hybrid geolocation technology that enables electronic devices to be positioned worldwide with 20 to 30 meters of accuracy( The company's Hybrid Location API combines WiFi( WiMAX( GSM( LTE( and IP address approaches to deliver positioning capabilities for electronic device makers and web service and mobile app developers( The platform has traced over 135 million WiFi( WiMAX( GSM( and LTE access points( locates 100 million devices daily( and serves 400 million location requests daily( AlterGeo also offers SuperGeo for RTB( a real-time ad geotargeting solution that positions potential addressees of advertisements in real time and distributes content only to narrowly defined target territories with radius-based filtering from 500 to 1(000 meters( The solution is available as SaaS or on-premises deployment for advertising networks( agencies( and RTB providers( Founded in 2008 and headquartered in Moscow( Russia( the company has raised $10.0M in Series A funding from investors including Intel Capital( Almaz Capital( Kite Ventures( AddVenture( and Edventure Holdings.

Business model

Geographic Information Systems > Platform Providers > API Providers > Horizontal

Founders & team highlights

Serial Founder

Team background

Top Rated Teams > Serial Entrepreneur

Institutional investors

Intel Capital Almaz Capital Kite Ventures AddVenture Edventure Holdings Esther Dyson

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