Waze

Waze

Waze is a social navigation app that leverages mobile technology and an active global community.

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$1.2b

Valuation: $1.2b

Acquisition
Total Funding000k
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Waze is a crowdsourced navigation app that provides real-time traffic updates, route optimization, and community-driven map editing. The app serves individual drivers and commuters who seek efficient and time-saving routes. Operating in the global market, Waze leverages user-generated data to enhance its map accuracy and traffic predictions. The business model is primarily ad-supported, generating revenue through location-based advertising and partnerships with businesses that want to reach drivers on the go. Waze's platform allows users to report traffic incidents, hazards, and road closures, which are then shared with the community to improve navigation for everyone. The app also integrates with other services like music streaming and calendar apps to offer a seamless driving experience. Waze's community-driven approach ensures that its maps are continuously updated and accurate, making it a reliable tool for daily commuting and long-distance travel.

Keywords: navigation, traffic updates, route optimization, crowdsourced, map editing, real-time, community-driven, advertising, global market, user-generated data.

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