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December 10, 2013 11:00 pm GMT

iBeacon Pioneers Estimote Raise $3.1M Seed Round

estimoteJakub Krzych, founder of Estimote, has announced a $3.1 million seed round raise from Innovation Endeavors, Betaworks, Bessemer Venture Partners, Birchmere Ventures, Valiant Capital Partners and others. The company is already shipping its small Bluetooth products, called Beacons, to retailers and they expect a huge rush in orders as they line up large clients next year.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yaswFxUOyag/

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