Naverus Nets $4M for Navigation Software

Kent, WA-based Naverus, a maker of novel navigation software for airlines, announced today it has raised $4 million in funding led by Foundation Capital and East Peak Partners. Naverus has developed a performance-based navigation system, which provides precise flight paths that are faster and more fuel-efficient and reduce carbon emissions. The company has airline customers in the U.S., Canada, Australia, and China.

Gregory T. Huang is Xconomy's Editor in chief. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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