Point One Navigation, a San Francisco, CA-based precision location technology company, closed a $10m Series A round of funding.
The round was led by UP.Partners, with participation from existing investors including BOLT, IA Ventures and Ludlow Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by Aaron Nathan, CEO and Co-founder, Point One Navigation provides an API solution for automotive OEMs, trucking companies, drone manufacturers, heavy equipment, delivery services and consumer electronics that use precise location for safe and effective operation. The company’s technology enables centimeter-level global accuracy by combining augmented GNSS, computer vision, and sensor fusion in a powerful yet easy to use API compatible with a wide variety of existing platforms.