Wednesday, July 28, 2010

CloudMade raises $12.3 million

CloudMade, a mapping database company that serves application developers, device manufacturers and wireless carriers, has raised $12.3 million in a Series B investment round led by new investor Greylock Partners, which joins existing investor Sunstone Capital.
CloudMade, which has offices in Menlo Park, London and Kiev, uses crowdsourcing to build its map database. Juha Christensen is CEO and chairman.
Greylock Partner Arnon Dinur has joined CloudMade's board of directors.
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