Donuts Invests in GeoFrenzy To Launch Tech Funding Initiative
The Donuts domain name registry said it invested in geofence management firm GeoFrenzy, launching its Donuts Labs investment initiative. Donuts didn't disclose how much it invested in GeoFrenzy but said its Donuts Labs initiative will target companies that may create…
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new uses for domain names or otherwise complement Donuts' interests. Apps use the geofence technology that GeoFrenzy manages to define geographic areas and then direct drones, driverless cars and other technologies. “There are outstanding opportunities available to put Donuts' abilities to work in companies that are similar to ours, use DNS [domain name system] technology, or simply are adjacent to our industry,” Donuts CEO Paul Stahura said in a Tuesday news release. “The Donuts team intends to be active in these developing areas.”