Bangalore based enterprise mobility company Nivaata systems which runs under the brand Verayu, a location intelligence platform, has raised an undisclosed amount of funding from the GWB Group in addition to further investment from Blume Ventures.
As per a NextBigWhat report, the new funding will be used to invest in infrastructure, human resources and customer acquisition with an aim to expand further.
Started in 2007 by Sriram Kannan, Nivaata mainly works in the ares of route planning and tracking, also help organizations to automate and optimize key business areas such as distribution & planning, logistics & sales force effectiveness, asset monitoring and transportation.
Verayu LaaS is a programmable platform that provides “Locations as a Service” and “device management”, for smart phones and tracking devices. It is used by BPO firms and cab drivers to find out each other’s location.
Image Source: Verayu.com