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Developer(s) | |
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Initial release | 2006 | (as FreeMap Israel)
Available in | 50 languages[1] |
Type | Satellite navigation software |
License | |
Website | waze |
Waze Mobile Ltd,[2] (/weɪz/; Hebrew: ווייז מובייל בע"מ) doing business as Waze (Hebrew: ווייז), formerly FreeMap Israel, is a subsidiary company of Google that provides satellite navigation software on smartphones and other computers that support the Global Positioning System (GPS). In addition to turn-by-turn navigation, it incorporates user-submitted travel times and route details while downloading location-dependent information over a cellular network. Waze describes its application as a community-driven initiative that is free to download and use.
The software was originally developed in Israel by Waze Mobile, a company founded by Israeli entrepreneurs Ehud Shabtai, Amir Shinar, and Uri Levine, veterans of the Israeli intelligence unit 8200.[3][4] Funding for the initial project was provided by two Israeli venture capital firms, Magma and Vertex Ventures Israel, as well as by an early-stage American venture capital firm, Bluerun Ventures. In June 2013, Waze Mobile was acquired by Google for US$1.3 billion.[5][6][7]
The application generates revenue through hyperlocal advertising to an estimated 130 million users.[8]
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