Waze

Community-based Traffic and Navigation App

Automotive & Mobility Technologies
Acquired by Google on Jun 2013
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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.

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Company Intelligence Q&A

When was Waze acquired?
Waze was acquired by Google in June 2013.
What was a key product development in March 2023?
In March 2023, Waze added electric vehicle charging stations to its map, enhancing its navigation services for EV users.
What significant organizational change occurred in November 2020?
In November 2020, Waze CEO Noam Bardin announced his departure from the company, effective in early 2021.
What was a notable partnership in October 2019?
In October 2019, Waze collaborated with Moovit to provide a pilot car-pooling service.
What was a strategic product launch in October 2018?
In October 2018, Waze launched its carpool service across the United States, expanding its ride-sharing offerings.
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