The Russian search giant Yandex has bought out Israel’s KitLocate start-up, a maker of low-power mobile geolocation technology, for “several million Euros,” TechCrunch reported Tuesday.
KitLocate features low battery consumption by using proprietary algorithms that allow location-based apps to request the device’s geographic coordinates less frequently without losing too much precision.
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Yandex will use KitlLocate’s technology for car navigation and maps and also is interested in the Israel start-ups cloud solution.
KitLocate consists of eight people, whose Tel Aviv offices will become Yandex R & D headquarters, with the probability of more engineers being added by the new owners.
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