SquareLoops raises $1M for wireless location-based services
In another sign of increasing noise in the global positioning and wireless location-based service markets, yet another startup has emerged: Reston, Virginia-based SquareLoop.
A number of SquareLoop’s specific features center around user privacy, giving them the ability to opt-in or out of services. The company also won an Emerging Technology award earlier this year from the Cellular Telecommunications Industry Association (CTIA).
The $1 million seed funding was provided through area angel investors, among them Jack Davies, who founded AOL International, Nigel Morris, a co-founder of Capital One, and Raul Fernandez, CEO of Object Video. Several groups also participated, including the Center for Innovative Technology, through its GAP Fund.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.