GiPStech is an Italian startup founded in 2014 that specializes in indoor positioning, localization, and navigation technology based on the geomagnetic field. The company's innovative solution leverages proprietary algorithms to exploit magnetic anomalies present in indoor settings, enabling precise and cost-effective navigation without the need for additional infrastructure.
GiPStech's technology has broad applications, particularly in industrial settings, due to its high precision (below 1m), affordability (no infrastructure installation required), and reliability. The company has garnered interest from investors, with VentureOut providing Non Equity Assistance investment in 26 October 2016.
Recognizing the historical use of the Earth's magnetic field in navigation, GiPStech's approach aligns with the natural guiding signals, offering a simple and effective solution for indoor navigation. As the mobile industry continues to expand, the relevance of precise indoor positioning technologies is expected to increase, opening up opportunities for GiPStech to further develop and commercialize their innovative solutions.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Non Equity Assistance | Unknown | 1 | VentureOut | 26 Oct 2016 |
| Venture Round | €400.00K | 2 |
|
13 Sep 2015 |
| Grant | €50.00K | 1 | EASME - EU Executive Agency for SMEs | 01 Sep 2015 |
| Angel Round | €200.00K | 1 |
|
30 May 2014 |
No recent news or press coverage available for GiPStech.
-logo.jpg){kind=logo}
We care about your data, and we'd love to use cookies make your experience better.
