Point One Navigation Raises $10M To Bring Its Precise Location Tech To All Vehicles
11/08/21, 4:52 PM
Location
san francisco
Money raised
$10 million
Drivers who spend any time commuting in a new car or truck have likely experienced ping ponging — a phenomenon when a vehicle equipped with an advanced driver assistance system has trouble centering itself in a lane and bops back and forth until it finds that sweet spot.
Company Info
Location
san francisco, california, united states
Additional Info
The San Francisco-based startup has developed an API for precise location that can be applied to any vehicle that moves, from urban air taxis and drones to scooters, ADAS-equipped vehicles, autonomous vehicles and even farm equipment. “Every single company, whether they’re trying to build a robot to pick weeds in a field or drive down the highway, has a team of engineers trying to figure out like, where is the damn thing? The company initially focused on automotive, including being applied to Level 2 advanced driver assistance systems. Point One also has production deals with agriculture customers — think “smart” tractors — as well in the drone delivery segment. “The question is how do we very quickly expand into those markets and make sure that everyone is aware that Point One can just solve this problem for you — and you don’t have to boil that part of the ocean,” Nathan said. Point One is able to provide customers with 10 centimeters of accuracy anywhere in the world. In these automotive applications, Point One is able to deploy this tech as a software product since new vehicles today have the hardware already required.