Dash Navigation Launches to Fundamentally Change Auto Navigation Experience with Backing from Kleiner Perkins and Sequoia Capital; Company to Unveil Product at DEMOfall Conference.MOUNTAIN VIEW, Calif. -- Dash Navigation(TM), Inc. (www.dash.net), a Silicon Valley start-up, emerged from stealth-mode today. The company is developing a new consumer product and service that will, for the first time, give drivers timely and relevant local information on their dashboards. Backed by venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] Kleiner Perkins Caufield & Byers and Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. , Dash will unveil its first product on Sept. 26 at the DEMOfall conference. In 2003 alone, traffic congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. cost Americans 3.7 billion hours of work productivity and quality-time with family.(1) Dash saves drivers significant time and enables them to find and explore new destinations. Dash will not only deliver real-time and relevant information to the car, but also create a network of drivers who help each other avoid traffic and share information about their destinations. "If you're a professional who spends hours a day on the road, a commuter stuck in traffic, or a soccer mom soccer mom n. An American mother living in the suburbs whose time is often spent transporting her children from one athletic activity or event to another. juggling schedules, Dash transforms your driving day," said John Doerr L. John Doerr (born June 29, 1951 in St. Louis, Missouri) is a successful venture capitalist at Kleiner, Perkins, Caufield & Byers in Menlo Park, California, in the Silicon Valley. , partner at Kleiner Perkins Caufield & Byers. "Dash provides the best traffic and local information for your everyday life." The Dash executive team leverages nearly a century of senior management expertise at successful consumer technology companies, including XM Satellite Radio, TiVo, RealNetworks, Logitech, General Electric, Good Technology, and Marimba marimba: see xylophone. marimba Xylophone with resonators under each bar. The original African instrument uses tuned calabash resonators. In Mexico and Central America, where it was brought by African slaves, the wooden bars may be affixed to a . Dash CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Paul Lego is a Silicon Valley veteran with more than 20 years of senior management experience, including two successful IPOs. Lego was chief executive officer of Virage (acquired by Autonomy, PLC) and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Digidesign (acquired by Avid Technology, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AVID). Dash President and COO Rob Currie has 15 years of experience growing Silicon Valley startups including TiVo, Marimba and Digidesign. Robert Acker, senior vice president of marketing launched XM Satellite Radio and led the RealNetworks consumer music businesses. Paul Lima, vice president of engineering has over 25 years of experience creating best-of-class consumer and wireless products at companies including Good Technology and Logitech. Steve Wollenberg, vice president of business development is a pioneer in the traffic and auto navigation with over 20 years experience partnering with companies like DaimlerChrysler, Delphi Automotive, Palm, and various departments of transportation. "With over 200 million cars in the U.S. alone, the potential for the Dash network to help commuters is enormous," said Jim Goetz, partner at Sequoia Capital. "Dash will set a new industry standard for accurate, up-to-date information that helps alleviate the growing problem of traffic congestion in most major cities," added Matt Murphy, partner at Kleiner Perkins Caufield & Byers. Dash currently has 44 employees, and has been developing its product, network and service for more than three years. The company has significant engineering experience in both navigation and wireless network technologies, and has several patents already granted, with over 20 additional patent applications filed. About Dash Navigation, Inc. Dash Navigation connects people to the information that empowers them while in their cars. The company is located in Mountain View, Calif. and is funded by Kleiner Perkins Caufield & Byers, Sequoia Capital, and Skymoon Ventures. For more information, visit Dash Navigation at www.dash.net. (1) The 2005 Urban Mobility Report, Texas Transportation Institute The Texas Transportation Institute (TTI) is the largest transportation research agency in the United States. Created in 1950, primarily in response to the needs of the Texas Highway Department (now the Texas Department of Transportation), TTI has since broadened its focus to , The Texas A&M University System, May 2005. |
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