Global Locate CEO Scott Pomerantz declined to name other investors in the round, but said previous backers, as well as a new strategic investor (which he defines as a customer, manufacturer or distributor for the company) participated.
Global Locate will spend the latest round to expand sales and field application engineering teams in Tokyo, Taiwan, China, Korea and at its European headquarters in Madrid, Pomerantz said.
The expansion is to support recent significant business growth, which Pomerantz declined to quantify. He said he is not planning additional fundraising for Global Locate.
The San Jose, California-based company provides GPS products and services for wireless devices and networks. In October 2001, it raised $12m from Firsthand Capital Management and GC Investments. Pomerantz would not say how much Global Locate raised in its first round.
While the recent VC round was expansion money, Pomerantz said the company also would launch new products from its network, semiconductor and data service units during the next 12 months.
