Gimbal Completes Spinout From Qualcomm, Gets Funding Round

San Diego-based Gimbal, formerly known as Qualcomm Retail Solutions (QRS), said Wednesday that it has completed its transition to a standalone company, and scored funding from a set of investors. Gimbal said it received funding from i-Hatch LBS Fund, AEG, SK Planet and Zebra Technologies Corporation. Size of the funding was not disclosed. Gimbal develops geofencing and proximity beacons. Gimbal said that Qualcomm Technologies remains a substantial investor in the new company. More information »