KitLocate
KitLocate is a startup company headquartered in Israel, delivering location-based technology solutions[buzzword] for smartphones. Focused on geo-tracking and mobile search results dependent on location, KitLocate's platform delivers low-power geolocation technology for mobile devices.
| Type | Startup company |
|---|---|
| Industry | Location-based technology |
| Founded | 2011 |
| Founders | Omri Moran, Yoav Cafri, Ron Miller |
| Fate | Acquired by Yandex |
| Headquarters | Israel |
| Products | Low-power geolocation technology for mobile devices |
| Parent | Yandex |
History
[edit]KitLocate was founded in 2011 by Omri Moran, Yoav Cafri and Ron Miller. In November 2012, the founders joined the 7th wave of The Junction,[1] the collaborative startups accelerator program, backed by Genesis Partners; they then launched a pilot product for Pango and procured their first customer: Isracard.[citation needed]
After working with The Junction, KitLocate joined a four-month accelerator program: Microsoft Ventures Accelerator Program in Herzlyia[2] and as a direct result, were acquired by Yandex (YNDX: NASDAQ) on March 18, 2014.[3]
KitLocate team members joined the Yandex mobile search team[4] located at KitLocate's offices, which is earmarked to become the new Yandex R&D facility in ‘Silicon Wadi’ in Tel Aviv.[5]
Omri Moran performs the role of GM for Yandex Israel R&D.
Awards and recognition
[edit]In 2012, KitLocate won the first ever Israel Advanced Technology Industries and MasterCard Israel Technology Award.[6] With prize money of $25,000, KitLocate was accepted into ‘The Junction' Acceleration program.
References
[edit]- ↑ Moran, Omri (March 18, 2014). "KitLocate, a journey from foundation to acquisition". GeekTime.[dead link]
- ↑ Shamah, David (January 14, 2013). "Microsoft's Israel accelerator hits second round of start-ups as India and China take note". ZDNet.
- ↑ Lomas, Natasha (March 18, 2014). "Russian Search Giant Yandex Acquires Low-Power Mobile Geolocation Startup KitLocate". Tech:ch.
- ↑ Isaac, Mike (March 18, 2014). "Yandex Acquires Geolocation Startup KitLocate to Boost Mobile Search". Recode.net.
- ↑ Meyer, David (March 18, 2014). "Yandex buys Tel Aviv's KitLocate for low-power location service technology". Gigaom. Archived from the original on March 18, 2014.
- ↑ Orpaz, Inbal (January 2, 2013). "Start-up KitLocate wins technology award". Ha'aretz. Archived from the original on January 2, 2013.