The wireless communications company for vehicles backed by a corporate venturing unit of Anglo-Dutch oil major Royal Dutch Shell, could raise as much as $19.2m in the round.
Airbiquity, a developer of wireless communications for vehicles backed by a corporate venturing unit of Anglo-Dutch oil major Royal Dutch Shell, $10.4m of a planned $19.2m round, according to a filing with the Securities and Exchange Commission on 28 August.
With previous backing in early 2008 of $25m in a round including Ignition Partners, Acorn Ventures, Kirnaf and Shell Internet Ventures, the Seattle-based Telematics and M2M market specialist have been able to move forward with the development of its…
