HERE (formerly known as NAVTEQ and Nokia Location & Commerce)

Chicago, IL
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Company Description

HERE, a Nokia company, is a global leader in the mapping and location intelligence business. Rooted in almost three decades of experience in cartography, our vision is simple: offer the world's best maps and location experiences across multiple screens and operating systems. We want to help people navigate their lives with ease and confidence every day and everywhere. We believe that giving people a better and deeper sense of location will be essential to live a modern urbanized life.
 
Our maps can be found in four out of five factory-fit navigation systems in North America and Europe, including ten million new cars sold in 2013. We also power mobile, web and enterprise solutions. Our customers include BMW, Garmin, Toyota, Yahoo and many more.

Prior incarnations of HERE were called NAVTEQ and Nokia Location & Commerce.  Nokia acquired NAVTEQ for $8.1B in 2008.
 


Who we are

We are the largest and most highly trained team of mapmakers on the planet - with over 6,000 people in 55 countries.
  • We make maps for 196 countries in the world
  • We make indoor maps for over 90,00 buildings across over 11,000 venues in 72 countries worldwide
  • We make maps with public transit in 870 cities across more than 50 countries
  • We make maps with voice-guided navigation in 99 countries
  • We deliver live traffic services in 42 countries
  • We create our maps by balancing on-staff map experts with 80,000 external sources
  • We keep our maps fresh, accurate and reliable by making 2.7 million changes to them each day

 

HERE (formerly known as NAVTEQ and Nokia Location & Commerce) Funding

  • Investment May 31, 2005
    $500,000
    T. Russell Shields
  • Investment May 31, 2005
    $2,500,000
    Prudential Bache
  • Investment May 31, 2005
    $3,000,000
    T. Russell Shields

exits

  • Acquired by Nokia Oct 1, 2007
    Amount not disclosed
  • IPO Aug 9, 2004
    $880,000,000

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