Fixposition Raises $5.95 Million in an Extension of its Seed Financing Round
Significantly increases the reliability and availability of precise positioning...
Switzerland — Fixposition AG, a cutting-edge Swiss technology company providing high-precision positioning information in GNSS (global navigation satellite system) degraded and denied environments, has raised an additional $5.95 million in an extension of its seed financing round.
This extension includes investments from Cultivation Capital, G&M Capital, Hasler Stiftung, MiraclePlus, Momenta, and True Ventures. The funds will be used to bring the company’s next-generation product into production, execute its market strategy, and expand its portfolio through strategic partnerships in the autonomous navigation space. The new investment will help to expand production, accelerate go-to-market speed and explore new market opportunities. Fixposition will also use the funds to develop its complementary services to future-proof its solutions and make customer integrations and support a priority.
“Fixposition is continuously developing an indispensable component of autonomy: precise positioning that works everywhere. We are excited to welcome our new investors who share our vision and are sincerely grateful for their support as well as the continued support of our existing investors. Autonomy and digitalization in agriculture, logistics, and smart cities are the keys to solving global challenges such as food security, labour shortages and the green energy transition,” said Zhenzhong Su, CEO and co-founder of Fixposition.
“Our next-generation product incorporates all the findings gained from closely working with our partners in the last year,” explained Lukas Meier, CTO and co-founder of Fixposition. “With the next release of our cutting-edge sensor fusion engine, along with all new hardware, we’ve pushed the performance and stability of the Vision-RTK product line to the next level, while also simplifying its integration and design-in-ability.”
Fixposition is on a mission to simplify autonomous navigation by increasing the reliability and availability of precise positioning. The company develops deep sensor fusion technology fusing RTK-GNSS, IMU, and computer vision data to ensure highly reliable centimeter-accurate positioning in all environments, even where other systems fail.
This technology expands the operational opportunities of autonomous robots and enables new players to participate in this market. Fixposition is poised to make an impact and drive the democratization of autonomous solutions.
For more information, visit: www.fixposition.com
About Our Investors
Cultivation Capital: www.cultivationcapital.com
G&M Capital: G&M Capital
Hasler Stiftung: www.haslerstiftung.ch
True Ventures: www.trueventures.com
More Updates from Fixposition
Disruptive solution fuses positioning satellites, computer vision, and inertial sensors to enable precise, autonomous vehicle and machine navigation in the most demanding areas
Dr. Zhenzhong Su, CEO and Co-Founder of Fixposition, is invited by Momenta as a guest speaker to talk about Fixposition' vision