Glympse Secures Additional $12 Million to Increase Pervasiveness of Real-Time Location Sharing Technology
UMC Capital, Verizon Ventures Join Existing Investors Ignition Partners, Menlo Ventures and Naya Ventures in Latest Round
SEATTLE, Wash., June 13, 2014-- Glympse™, the world's leading location sharing technology company, today announced $12 million in Series C financing, with participation from new investors UMC Capital, Verizon Ventures and additional unnamed strategic investors, along with existing investors Ignition Partners, Menlo Ventures and Naya Ventures. This brings the company's total capital raised since its inception to nearly $20 million.
Glympse pioneered real-time, temporary location sharing, and the app has collected numerous industry awards for its innovative technology and design. Glympse has also become the location sharing platform of choice for mobile operators, device manufacturers, messaging applications and automotive. In the past two years, top-tier partners have integrated Glympse-branded technology across a wide range of products, including:
•Messaging Applications: Verizon Messages, Samsung ChatON, Blackberry Messenger
•The Connected Car: BMW, MINI, Ford, GM, Jaguar, Land Rover, Mercedes, Volkswagen, Volvo
•Wearables: Samsung Galaxy GEAR watch/Fit, Pebble watch
•Navigation: Garmin, NAVIGON
•Air Travel: Gogo inflight
"Verizon was one of the first to integrate Glympse's location sharing tools into our Messages app and we quickly saw the technology solving a very real problem for our customers," said Dan Keoppel, executive director at Verizon Ventures. "We are pleased to invest at this time and believe there is enormous opportunity for Verizon and for Glympse to further its leadership position."
Glympse will use the new capital to grow its team and further invest in products and extend into new verticals with new partnerships.
"Glympse has set the standard for real-time location sharing, reaching the tens of millions of loyal users who have downloaded the Glympse app and tens of millions of additional consumers through our platform partners," said Bryan Trussel, co-founder and CEO, Glympse. "Our lean team has been able to accomplish tremendous things, and this latest round sets the stage for more rapid development and expansion."
Based in Seattle's South Lake Union neighborhood, Glympse currently employs 21 people with plans to nearly double the team by the end of the year.
Glympse™ is the pioneer of person-to-person time-based location sharing technology. With an intuitive design and enhanced features, the company easily integrates location sharing into everyday activities, meetings and events. Glympse has partnered with several top-tier companies, including Samsung, Mercedes, BMW, Garmin, NAVIGON, Verizon, Blackberry, General Motors, Volvo, Jaguar Land Rover, Gogo Inflight and Ford, which have integrated the Glympse brand and enterprise platform into their own products and applications.
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