After witnessing a strong response from its Rave Guardian solution which is meant to offer students with a location-based personal alarm service, Rave Wireless, New York based start-up company has closed a $12 million funding for the GPS-enhanced mobile applications for college and university communities. The company under this model will work in conjunction with mobile operators and will serve communities like colleges and universities with GPS-enhanced mobile safety, social networking, academic and local commerce applications. Read