Saturday August 8, 2020

GloNav is valued at $30m

GloNav, a global positioning system (GPS) technology firm backed by Atlantic Bridge Ventures in Dublin, was valued at $30 million in a recent funding deal.

12th August, 2006

GloNav, a global positioning system (GPS) technology firm backed by Atlantic Bridge Ventures in Dublin, was valued at $30 million in a recent funding deal.

GloNav was formed in June when Atlantic Bridge backed the buyout of the GPS division of Ceva, the chip design firm previously known as Parthus Technologies. Ceva kept a 19.9 per cent stake in GloNav, which it has valued at $6 million, according to a US stock exchange filing.

Atlantic Bridge backed the...

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