Irvine-based Networks In Motion, a provider of software and services that allow wireless phones to serve as navigational devices, said Tuesday it raised $10 million in a third round of venture financing.
Networks in Motion plans to use the money to expand research and development and sales and marketing.
Silicon Valley’s Sutter Hill Ventures led the financing as a new investor. Returning investors Redpoint Ventures of Menlo Park and Mission Ventures of San Diego also took part.
Networks in Motion raised $5 million in a second round of venture funding in 2004.
Verizon Wireless and Sprint Nextel Corp. offer Networks in Motion’s software, which allows users to get directions, maps and other services on their wireless phones.
