What is Waze?
Waze redefines the navigation experience by leveraging mobile technology and a vast global community to provide the fastest routes based on real-time driving conditions and data from millions of users. Headquartered in Mountain View, California, the company has established itself as a leader in social navigation, consistently improving its service through user-generated insights. This focus on community-powered data allows Waze to offer dynamic and accurate traffic information, setting it apart in a competitive market.
How much funding has Waze raised?
Waze has raised a total of $67M across 3 funding rounds:
Series A
$12M
Series B
$25M
Unspecified
$30M
Series A (2008): $12M with participation from Horizons Ventures, Qualcomm Ventures, BlueRun Ventures, and Magma Venture Partners
Series B (2010): $25M led by Blue Run Ventures, Vertex Venture Capital, and Magma Venture Partners
Unspecified (2011): $30M supported by Kleiner Perkins and Horizons Ventures
Key Investors in Waze
Kleiner Perkins
Kleiner Perkins is a Menlo Park-based venture capital firm that raises dedicated funds and invests in early and growth-stage technology and life science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
Horizons Ventures
Horizons Ventures focuses on investing in deep science and technology aimed at advancing humanity towards a significantly improved future. The company seeks to support innovative projects that have the potential to create transformative changes. Their target clients include startups and enterprises in the science and technology sectors. Horizons Ventures is dedicated to fostering advancements that can lead to a better world.
Blue Run Ventures
Launched in 1998, BlueRun Ventures functions as a venture capital fund. BlueRun Ventures is headquartered in Menlo Park, California, with offices in Beijing, Helsinki, Mumbai, Seoul, and Shanghai.
What's next for Waze?
The recent major strategic investment signals Waze's intent to further scale its operations and enhance its technological capabilities. This capital infusion is expected to fuel product development, expand its user base, and potentially explore new market opportunities. As a key player in the intelligent transportation systems landscape, Waze is well-positioned to capitalize on the growing demand for real-time, data-driven navigation solutions, further solidifying its position through strategic partnerships and continuous innovation.
See full Waze company page
