Yandex Acquired Geofencing/Motion Sensing Start-up KitLocate

Russian internet giant Yandex has acquired KitLocate, an Israeli start-up specialized in low power geofencing and motion sensing.

The company was founded in 2011 and had 9 employees (including the three co-founders), it raised $750,000 of seed money in 2013.

“Entrée Capital and Yiga…