Enterprise Mobility Startup, Nivaata Secures Funding From GWB (And Blume)

Bangalore based enterprise mobility company Nivaata systems has announced an undisclosed amount in investment from the GWB group in addition to further investment from Blume Ventures.verayu
The funds will be used to invest in infrastructure, people, verticalized products and customer acquisition with an aim to expand further.
Nivaata’s flagship product  “Verayu” is a location intelligence platform over which location aware business applications can be rapidly built and deployed. Verayu APIs allow 3rd party application developers to leverage Nivaata’s IP in the areas of location acquisition (a patented algorithm which combines GPS and non-GPS technologies to acquire location).
Nivaata is focusing on multiple use-cases of this technology such as field force, employee transportation organization, fleet & asset tracking etc.

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