7/6/2023 0 Comments Focalpoint gdpr![]() ![]() ![]() As we continue to add more GNSS customers and partners to our list, I’m excited to be now developing further IP to grow our footprint into other radio technologies and even larger markets.” Aims to improve positioning solutionsįounded in 2015 by Dr. Our IP portfolio is strong, this injection of capital will enable us to move faster to meet the demands of several big customers in the US and South East Asia, and to accelerate our IP portfolio growth.”įocalPoint Founder, President and CTO Ramsey Faragher commented: “It has been an amazing experience to grow this company from an idea in my head to an established and world-leading GNSS technology provider. FocalPoint plans to grow its R&D teams and pursue opportunities in other radio technologies, including 5G and WiFi.įocalPoint CEO Scott Pomerantz commented: “We are delighted at this show of confidence in FocalPoint from new and established investors amidst a challenging market backdrop. It also plans to scale up customer support operations to meet the growing demands of equipment and chipset manufacturers. Aggressive growth plansįocalPoint will use the fund to continue with their mission to revolutionise the accuracy of GPS and other global navigation satellite systems (GNSS). Back then, it announced that the funds will be used to create a live demonstration and rapid prototyping system to speed up its activities in the automotive and mobile sectors. The latest funding round follows FocalPoint’s announcement of getting investment from the European Space Agency earlier this year. FocalPoint, a UK-based providing next-gen positioning solutions for mobiles, wearables and vehicles, has closed a multi-round Series C funding round of up to £23 million from a consortium of investors co-led by Molten Ventures (which also invested in Altruistiq and CoachHub) and Gresham House. ![]()
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