Stumbled onto this little news nugget on Twitetr via @what3words and @mprioleau… what3words Closes Funding Round Led by Intel Capital
From their blog post…
what3words, the multi-award winning addressing platform, has closed a $3.5m Series A funding round led byIntel Capital, with Li Ka-shing’s Horizons Ventures and several of the company’s original angel investors also participating. The announcement was made today at the annual Intel Capital Global Summit in San Diego, California.
what3words is a location reference platform based on a global grid of 57 trillion 3mx3m squares, where each square has a unique pre-assigned 3 word address. For example, “crayon.giants.liking” is a perfect spot in the Grand Canyon to take a picture of the Kaibab Suspension Bridge across the Colorado River. The solution helps everyone who needs to share or find a location, whether they are a tourist, a logistics company or a navigation system.
“what3words has great potential to transform how the world shares location by making it more memorable,” saidArvind Sodhani, Intel Executive Vice President and President of Intel Capital. “Intel’s strategy is to develop the best location technologies in the world. With what3words, people can use those technologies with more precision than ever before, which presents huge efficiency opportunities for businesses.”