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Mobile

Short Take: InfoMove gets $5.5 million, Maffei stake

InfoMove, a wireless Internet provider for automobiles, closed a $5.5 million second round of funding, including an investment from Greg Maffei, Microsoft's former chief financial officer. Maffei is now chief executive at 360networks, formerly Worldwide Fiber. Other investors included Garage.com, The Broe Companies, Bsquare, Encompass Europe, NTT-ME and Mitsui Comtek. InfoMove plans to launch its in-car Net service, which will offer traffic updates, news, weather, stock quotes, sports scores and other location-based information, during the third quarter.

    InfoMove, a wireless Internet provider for automobiles, closed a $5.5 million second round of funding, including an investment from Greg Maffei, Microsoft's former chief financial officer. Maffei is now chief executive at 360networks, formerly Worldwide Fiber. Other investors included Garage.com, The Broe Companies, Bsquare, Encompass Europe, NTT-ME and Mitsui Comtek. InfoMove plans to launch its in-car Net service, which will offer traffic updates, news, weather, stock quotes, sports scores and other location-based information, during the third quarter.