Thursday, July 21, 2011

Nearbuy Systems Lands $1M

Menlo Park-based Nearby Systems, a developer of location based services technology for indoor, retail stores, said today that it has raised $1M in a new funding round. The round came from MOtorola Solutions Venture CApital, Innovation Endeavors, and Metamorphic Ventures. Innovation Endeavors is the investment firm of Eric Schmidt. The firm said the funding will go to accelerate development of the firm's products. More information »