SnapTrack, Inc. was a

Silicon Valley Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley ...

technology

startup A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to ...

that invented and sold a

GPS The Global Positioning System (GPS) is a satellite-based hyperbolic navigation system owned by the United States Space Force and operated by Mission Delta 31. It is one of the global navigation satellite systems (GNSS) that provide geol ...

-based location technology for

cellphones A mobile phone or cell phone is a portable telephone that allows users to make and receive calls over a radio frequency link while moving within a designated telephone service area, unlike fixed-location phones ( landline phones). This radio ...

. Founded in 1995 by

Steve Poizner Stephen Leo Poizner (born January 4, 1957) is an American businessman and politician who served as the Insurance Commissioner of the state of California from 2007 to 2011. Formerly a Republican, Poizner ran unsuccessfully as an independent cand ...

and Norman Krasner, it grew to 65 employees before being bought by

Qualcomm Qualcomm Incorporated () is an American multinational corporation headquartered in San Diego, California, and Delaware General Corporation Law, incorporated in Delaware. It creates semiconductors, software and services related to wireless techn ...

in 2000 for $1 billion in stock.

References

Navigation system companies {{US-corp-stub