Naverus, Inc. recently announced that the company has raised $10 Million in a Series C preferred stock round. The company further announced that the funds will be used to expand its business development. The company is a leader of high performance flight path development for commercial airlines and is also a provider of air navigation services.

The funding round was led by Foundation Capital, a Bay Area venture capital firm, with participation from ongoing shareholder JGE Capital, a San Francisco private investment partnership.
 
Naverus is the worldwide Required Navigation Performance leader with more than 400 high performance flight paths in service representing the overwhelming majority of active RNP procedures worldwide. Naverus works with airlines and air navigation service providers in a unique fashion by combining expertise in avionics, aircraft operations and procedure design, to find optimal solutions to their specific routes and challenges. Airlines seek Naverus RNP flight paths for several reasons. These include saving fuel, reducing carbon emissions, reducing miles flown and, most important, reducing block times and help air traffic systems to gain new efficiencies.

Naverus Inc. is a privately-held company that was founded in 2003 and is headquartered in Seattle. The company's customers include Airbus, Air China, Air New Zealand, Boeing, COPA, IATA, jetBlue, Jetstar, SkyEurope, Southwest, Qantas, Virgin Blue and WestJet and others.