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Point One Navigation, a San Francisco-based startup, secured $35 million in Series C funding, boosting its valuation to $230 million. The company specializes in precise location technology for vehicles, drones, and robots, offering centimeter-level accuracy. Its solutions cater to automotive, agricultural, and industrial sectors, with applications in EVs, delivery fleets, and wearable devices. The startup is expanding its RTK Network to enhance precision in sparsely populated areas and aims to develop indoor navigation capabilities. Point One’s technology supports advanced driver assistance systems and is integrated into over 150,000 vehicles worldwide.
Key facts
- Point One Navigation raised $35 million in Series C funding, reaching a $230 million valuation.
- Its technology provides centimeter-level location accuracy using a combination of GNSS, computer vision, and sensor fusion.
- The startup’s solutions are applied to vehicles, drones, robots, and wearable devices across multiple industries.
- The RTK Network expansion aims to deliver precise location data in remote areas of North America, Europe, and Asia.
- Point One is developing indoor navigation capabilities to enable long-term tracking in industrial environments.
TAGS:
#agricultural tech #autonomous vehicles #drone tracking #funding round #Industrial Automation #location tech #precision navigation #RTK network #Startup #wearable devices
