Point One Launches Out of Stealth, Closes $10 Million Series A

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Point One Navigation&comma; a provider of precision location technology&comma; has launched out of stealth mode and closed a &dollar;10 million Series A round of funding&period; The round was led by UP&period;Partners&comma; with participation from existing investors including BOLT&comma; IA Ventures and Ludlow Ventures&period;<&sol;p>&NewLine;<p>Point One Navigation’s API is a helpful solution for automotive OEMs&comma; trucking companies&comma; drone manufacturers&comma; heavy equipment&comma; delivery services and consumer electronics that rely on precise location for safe and effective operation&period; The company’s technology enables centimeter-level global accuracy by combining augmented GNSS&comma; computer vision&comma; and sensor fusion in a powerful yet easy to use API compatible with a wide variety of existing platforms&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Precise location is key for safe and effective operations across all areas of the mobility and transportation &&num;8211&semi; from automobiles and drones to trucks and heavy machinery&comma;&&num;8221&semi; said the co-founder and managing partner of UP&period;Partners&comma; Ben Marcus&period; &&num;8220&semi;The team at Point One Navigation is solving a real challenge&comma; combining unparalleled technical chops with proactive solutions for the quickly evolving moving world&period;&&num;8221&semi;<&sol;p>&NewLine;<p>For companies looking to link digital capabilities to the physical world&comma; Point One Navigation saves years of development time by delivering a trusted full stack solution&period; The system features sensor fusion algorithms that are portable to any architecture and self-calibrate to enable peak performance on real-world deployments&comma; right out of the box&period; Point One Navigation is the only provider to bundle corrected GNSS signals&comma; proprietary sensor fusion algorithms and advanced computer vision into a comprehensive solution&period; Each element is built on open standards&comma; allowing customers to select the optimum solution set for their particular use case&period;<&sol;p>&NewLine;<p>Point One Navigation consists of three key offerings&colon;<&sol;p>&NewLine;<ol class&equals;"bwlistdecimal">&NewLine;<li>Polaris is a GNSS correction service unlocking more than 10cm of global accuracy with a coast-to-coast footprint and a variety of connectivity options including delivery over cellular and L-Band&period; The network is purpose-built for automotive and robotics customers and includes advanced anti-jam&comma; interference mitigation&comma; end to end security and automatic integrity monitoring&period;<&sol;li>&NewLine;<li>FusionEngine is a portable&comma; tightly coupled&comma; multi-frequency GNSS&sol;INS engine with best-in-class dead reckoning&period; It combines data from multiple sensors to achieve high accuracy and resilience to extended blockages and delivers a confidence signal so upstream services know when the position solution can be trusted&period;<&sol;li>&NewLine;<li>V-MAP is Point One Navigation’s advanced computer vision solution which turns ordinary vehicles into a mapping fleet&period; It uses commodity cameras to run efficient&comma; unsupervised scene reconstruction algorithms to support globally registered map construction&period; When deployed across a fleet&comma; V-MAP enables centimeter level positioning in all environments including urban canyons and parking structures&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&OpenCurlyDoubleQuote;Point One Navigation’s full suite of offerings enable precise location on anything that moves in the real world&period; We’re thrilled to be working with a group of investment partners who understand that the future of mobility is tied to how well machines can precisely orient themselves&comma; enabling broader and safer applications for autonomous technology&comma;” said Aaron Nathan&comma; CEO and Co-founder&comma; Point One Navigation&period;<&sol;p>&NewLine;<p>To enable customer evaluations&comma; Point One Navigation offers the Atlas development kit&period; Atlas is a reference platform that can be integrated into production solutions and includes an automotive-grade multi-frequency GNSS receiver&comma; a 64-bit ARM quad core processor&comma; and built-in cellular modem with SIM card&period; Atlas can also serve as a complete solution for fleets in OEM development&comma; delivery&comma; municipal&comma; private&comma; and other rapid deploy applications&period;<&sol;p>&NewLine;