Tuesday, April 15, 2008

Rosum Locates $15M

Mountain View-based Rosum Corporation said Tuesday that it has raised $15M in a new funding. The firm, which uses broadcast TV signals and GPS to provide location and position information, said funding came from Charles River Ventures, Allegis Capital, Steamboat Ventures, and KTB Ventures, along with new investor TruePosition. TruePosition is a subsidiary of Liberty Media. Rosum's products use TV signals to provide location and position for mobile devices and location-based services. More information »