Startups
Acquisitions / Startups / Technology

SocialRadar has been acquired by Verizon

The startup's geolocation technology will reportedly be rolled into MapQuest.

SocialRadar CEO Michael Chasen at a gathering of CTIA-The Wireless Association. (Photo by Flickr user Rob Pegoraro, used under a Creative Commons license)

SocialRadar, the D.C.-based mapping startup founded by Blackboard cofounder Michael Chasen, has been acquired by Verizon. TechCrunch broke the news Wednesday night.
According to the article, Verizon plans to use SocialRadar’s PlaceKit technology for MapQuest. PlaceKit is a fairly new enterprise for SocialRadar — the company was initially focused on creating a location-based consumer app before pivoting┬áto focus on making location data better. That’s where PlaceKit, and LocationKit, the company’s other product, come in.
In a conversation with TechCrunch, Chasen declined to reveal the financial side of the acquisition but confirmed that SocialRadar will keep its office on 19th Street and that all six current employees will stay with the company as it moves to Verizon.
SocialRadar previously raised a $12.75 million Series A in June 2013, back when the company was still working on a consumer-facing product.

Companies: SocialRadar / Blackboard / MapQuest / Verizon
Engagement

Join the conversation!

Find news, events, jobs and people who share your interests on Technical.ly's open community Slack

Trending

DC daily roundup: Inside UMCP's new ethical AI project; HBCU founder excellence; a big VC shutters MoCo office

DC daily roundup: Esports at Maryland rec center; High schoolers' brain algorithm; Power data centers with coal?

DC daily roundup: Tyto Athene's cross-DMV deal; Spirit owner sells to Accenture; meet 2GI's new cohort

DC daily roundup: $10M to streamline govt. contracting; life sciences might dethrone software; Acadia's new $50M

Technically Media