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Rx Networks, a Vancouver-Canada based startup that develops mobile positioning technologies has raised C$1.85 million in a venture round which expects to rack in C$3 million in March from existing investors British Columbia Discovery Fund (VCC) Inc., Audiovox Canada and TELUS.
“Assisted-GPS is the underlying technology accelerating the availability of location-aware mobile products and services,” said Guylain Roy-MacHabee, President and CEO of Rx Networks. “This funding enables us to support the integration and licensing of our innovative assisted-GPS performance acceleration solutions with a growing list of industry-leading GPS chipset and device manufacturers.”
