Yandex Acquires Israeli Developer of Smart Geo-Location Technology – KitLocate
Always on the lookout for top talent and breakthrough technology, Yandex has long been eyeing Israel’s Silicon Valley – Silicon Wadi. And now we are happy to report that the award-winning startup,KitLocate, the developer of a smart, energy-efficient cloud location technology for mobile devices, together with its brilliant team of eight, is joining our mobile search team.
KitLocate’s technology, packed into a developer-friendly SDK, provides location capabilities, including geo-fencing, motion detection and social location, for location-based apps on the user’s iOS or Android smartphone. The trick is, while doing that it lowers battery power consumption down to less than 1% per hour. KitLocate's algorithms allow location-based apps to request the device's geographic coordinates less frequently without losing precision, which considerably extends the phone's life between charges.
The Israeli team’s technology has already been successfully implemented in a mobile app, which helps drivers to find available parking spaces in their immediate vicinity. Popular in Israel financial service, Isracard, uses KitLocate’s technology to deliver its offers to users’ phones based on their current location.
Those of Yandex’s mobile products that don’t need continuous GPS synching, such as our location-based search, cannot wait to be augmented by KitLocate’s smart solution. With KitLocate’s technology, we’ll be able to deliver search results, as well as product or service offers, on the user’s mobile phone or tablet, relevant not only to a specific user, but also to their current location. This cloud solution looks especially promising for location-based recommendation apps.
Yandex’s previous experience working with a startup from Israel was investment in a facial recognition technology developer, Face.com, which was later acquired by Facebook. After joining Yandex, KitLocate’s brilliant team, also based in Tel Aviv, is very likely to soon be growing both in size and scale of expertise. Their solution will continue to be available for implementation in other location-based apps that don’t require continuous geo-tracking.