Waze is a social navigation company that has raised $30 million in funding. Investors in this round include Horizons Ventures Hong Kong (Li Ka-shing’s private venture investments), Kleiner Perkins Caufield & Byers, and the iFund. Waze has raised a total of over $55 million thus far.

Venture capital firm Kleiner Perkins has hired Mary Meeker, a well-known Morgan Stanley tech analyst. Every year Meeker had released a report that has to do with the .com industry. She recently released a report about how the Internet ad industry will hit $50 billion.

Morgan Stanley analyst Mary Meeker said that Internet advertising is expected to reach $50 billion and that mobile commerce is expected to outpace e-commerce. Meeker was called the “Queen of the Net” by Barron’s in 1998.