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by Fred Grott.
Original Post: A TechCrunch Error!
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Loopt will cost Verizon users $4/mo. They will be able to find it in the carrier’s “Get It Now” virtual store starting sometime in April.
The Mountain View-based company has raised $17M total over three rounds, including a seed round from Y Combinator. Competitors include uLocate and MapMyTracks, which use GPS instead of cell-tower triangulation.
Basically, cell tower triangulation is in fact GPS. The difference is that Cell Tower triangulation is use din CDMA(Qualcom) implementations of GPS whereas GSM uses a different method in their GPS implementation.
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