Speaking of Apple, FocalPoint’s focus on better GPS is coming at a timely moment. That startup eventually got acquired by Broadcom. Described as a “ living legend in GPS,” Pomerantz previously founded Global Locate, one of the first companies to bring GPS to the mass market, with its tech used by Apple and others. automotive brand that is a strategic investor, will be closing in the coming weeks.įocalPoint about a year ago had another notable business development that is helping put the startup on potential customers’ radar: last September, it appointed Scott Pomerantz as its CEO.
#Focalpoint series#
Molten Ventures (FKA Draper Esprit) - which led a £6 million Series B in 2021– and Gresham House are the two investors in so far. Ramsey Faragher, the CTO and founder, said that the other investors, which include a major U.S. Use cases for the tech include more accurate location for smartphone apps for navigation or location tracking (for example for running and other sports) to help companies with their navigation services (for example for transportation or fleet management) and for better GPS security overall.īased in Cambridge and founded as a spinout from Cambridge University, FocalPoint has raised £15 million ($17 million), part of a Series C round that it expects to total £23 million ($26 million) when fully completed.
#Focalpoint software#
startup called FocalPoint that’s building software to improve GPS’s operations, accuracy and security is announcing a round of funding to continue building out its tech - which today works up to 4G and will in future also work with 5G and Wi-Fi - and to roll out the first commercial deployments of its system with early customers. GPS in its many regional flavors has become a ubiquitous feature in phones, smart watches, cars and other connected devices, but for all the location-based features that it helps enable (mapping being the most obvious) it has a lot of shortcomings: it can be slow and inaccurate, it can contribute to faster battery drain and, as people are discovering, it can be manipulated or exploited in unintended and alarming ways.
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