One Nav announced it raised $29.7 Million in an initial filing from an offering of $29.7 Million

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oneNav provides the pureL5 GNSS receiver for smartphones, wearables and trackers. The oneNav team comprises 45 GNSS experts from Qualcomm, Apple, Intel, SnapTrack, SiRF, Trimble and eRide. oneNav team members invented GPS for cell phones for the first time in 2001. oneNav is headquartered in Palo Alto, California. oneNav’s embedded receiver utilizes the modernized L5 signaling band from the GPS, Galileo, BeiDou, QZSS and GLONASS GNSS constellations. oneNav’s system is unique in in that it both acquires and tracks on a single frequency which is unified worldwide. oneNav's simplified design completely eliminates the L1 RF chain and antenna subsystem which current L5 solutions use. oneNav’s pureL5 GNSS uses AI/Machine Learning to remove multipath errors in urban canyons. oneNav expects to deliver 3m accuracy in urban canyons, where today’s ride share, navigation and tracking applications suffer from poor accuracy.