This from the Waze blog as the company has secured $25 million in Series B funding… we’re told that this is a $25MM round led by Blue Run Ventures with all the existing investors re-upping, adding Qualcomm Ventures and other strategic investors. From the blog… we announce we have closed $25m of funding, in a round led by our existing investors, Blue Run Ventures, Magma and Vertex, together with new strategic investors, including Qualcomm Ventures. We would like to thank our existing investors for their support and welcome our new investors, as we look forward to their help in making our service even better. With this fresh funding we are hiring extensively and planning to grow our amazing team on all fronts. First, we will expand our US HQ in Silicon Valley in terms of people and relocate to a larger office.
Waze also mentions that they are on the look for some talent!