Waze Raises $30M to Expand into China
Waze, the social GPS and traffic app, has raised a fresh $30 million from Li Ka-shing's Horizon Ventures, and Kleiner Perkins Caufield & Byers' iFund and Digital Growth Fund. This brings their total funding to over $57 million. Waze is headquartered in Israel but has another main office in Palo Alto.