LOC-AID Technologies, provider of a location-enabling mobile transaction platform, has raised $13 million in funding according to an SEC filing. The company is backed by Intersouth Partners and H.I.G. Ventures (Bain Capital Ventures MD Jeffrey Glass is also on the board). LOC-AID operates what it says is the world's largest mobile location data gateway, essentially a location aggregation platform for carriers. The platform is designed to help wireless operators such as AT&T, Sprint and Verizon deliver location-aware content to their customers faster.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/D1qcNuY-1PI/
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