Bangalore based Nivaata systems which offers location-based solutions for enterprises, has raised an undisclosed amount of funding from Dubai-based GWB group and Blume Ventures, reports NextBigWhat. The startup will use the funds for developing infrastructure, verticalizing products, customer acquisition and hiring. The company had last raised funds in May 2013, wherein it had raised an undisclosed amount of investment from Blume Ventures and a clutch of angel investors. It had raised an overall $1 million investment across multiple rounds until now. Nivaata’s flagship product “Verayu” is a location intelligence platform that provides solutions for asset monitoring, fleet tracking and employee transportation solutions. The platform works by detecting location using both mobile and GPS networks. Verayu also provides hardware for its asset monitoring solutions, which includes a matchbox sized tracking system to be installed on vehicles and a location API which provides location as a service to companies,…
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