Singapore-based YFind raises S$1.5 million to create location-intelligent cities with “indoor GPS”
, Director at Walden International Singapore, believes that “YFind is a very promising company with tremendous potential. Almost everyone in cities like Singapore carries a smartphone today. Increasingly, people, businesses and governments will take advantage of location-aware services. We are very impressed by the accuracy and reliability of YFind’s indoor positioning system and we believe this technology will generate waves of innovation in the future.” Pete Bonee, Partner at Innosight Ventures, said, “As YFind technology is deployed indoors, where people spend most of their time, it will unlock all kinds of disruptive innovation in mobile apps, social networking, retail management, advertising, and other areas. We are excited to be working with YFind to help them realize their vision of creating LocationIntelligent cities, starting with Singapore.