Uk’s Focalpoint Raises $17M For Its Software-Based Approach To Repairing The Flaws Of Gps
09/08/22, 10:26 AM
Location
cambridgeMoney raised
$17 million
Industry
location based services
software
GPS in its many regional flavors has become a ubiquitous feature in phones, smart watches, cars and other connected devices, but for all the location-based features that it helps enable (mapping being the most obvious) it has a lot of shortcomings: it can be slow and inaccurate, it can contribute to faster battery drain, and as people are discovering, it can be manipulated or exploited in unintended and alarming ways.
Company Info
Location
cambridge
cambridge, maryland, united states
Additional Info
Today, a UK startup called FocalPoint that’s building software to improve GPS’s operations, accuracy and security is announcing a round of funding to continue building out its tech — which today works up to 4G and will in future also work with 5G and WiFi — and to roll out the first commercial deployments of its system with early customers. Companies that have worked with FocalPoint to test how its software works are a key to where the company is aiming its business: the startup partnered with Google and its Android team to test how its software could improve location of users for its mapping software in a trial that the two companies ran in London. FocalPoint about a year ago had another notable business development that is helping put the startup on potential customers’ radar: last September, it appointed Scott Pomerantz as its CEO.