ByteLight, a Boston, MA-based retail indoor location company, raised $3m in Series A funding.
Backers included Flywheel Ventures, Motorola Solutions Venture Capital, the eCoast Angel Network, Sand Hill Angels and Google’s Don Dodge.
The company will use the capital to accelerate growth in the retail sector and to develop the platform.
Led by Dan Ryan, co-founder and CEO, ByteLight provides a software solution that leverages lighting infrastructure within retail outlets and large venues to enable owners with the ability to offer information, redemptions, maps and services to people at precise locations within their buildings.
The company is currently piloting its indoor location solutions with global retailers, including three of the top ten.
FinSMEs
25/10/2013