Waze

Company Overview

Snapshot

Founded in March 2007 by Amir Shinar, Ehud Shabtai, and Uri Levine, Waze operates with 201–500 employees. The company raised a total of $67 million across 3 funding rounds from 7 investors. Waze was acquired by Google in June 2013.

Business overview

Waze is a community-driven navigation application that leverages real-time data from its user base to optimize driving routes. The platform accounts for various road conditions, including accidents, traffic congestion, speed traps, and construction, to provide dynamic navigation. Users can report hazards and road closures, enhancing the accuracy and immediacy of the information. Waze operates within the Automotive & Mobility Technologies sector, serving consumers, particularly drivers and commuters, as well as municipalities, by offering solutions in urban mobility, location-based services, and route optimization.

Strategic signal

In March 2023, Waze integrated electric vehicle charging stations into its map, signaling a strategic adaptation to the growing EV market. This development positions Waze to remain relevant in the evolving automotive landscape by providing essential infrastructure information for electric vehicle owners, thereby enhancing its utility and user base in the smart mobility sector.

Company Intelligence Q&A

When was Waze acquired and by whom?

Waze was acquired by Google in June 2013.

What significant product update did Waze introduce in March 2023?

In March 2023, Waze integrated electric vehicle charging stations onto its map, providing EV drivers with essential location information.

Which companies participated in Waze's October 2011 funding round?

In October 2011, Waze raised funding from investors including Horizons Ventures.

What was a key strategic partnership for Waze in October 2019?

In October 2019, Waze collaborated with Moovit to provide a pilot car-pooling service, expanding its mobility offerings.

What was a notable leadership change at Waze in November 2020?

In November 2020, Waze CEO Noam Bardin announced his departure from the company, effective in early 2021.