Wednesday, March 5, 2008

Naverus Finds $10M

Kent, Washingon-based Naverus said Wednesday afternoon that the firm has raised $10M in a Series C funding round. The firm, which develops navigation systems for the aviation market, said the round would go to expand its business. The funding came from Foundation Capital and prior investor JGE Capital. Naverus said its customers include Airbus, Air China, Air New Zealand, Boeing, COPA, IATA, jetBlue, Jetstar, SkyEurope, Southwest, Qantas, Virgin Blue and WestJet and others. More information »