GPS World

Tag: funding

  • EnSilica receives funding from UK Space Agency for satellite broadband terminal chips

    EnSilica receives funding from UK Space Agency for satellite broadband terminal chips

    Logo: EnSilica
    Logo: EnSilica

    EnSilica, a chip maker of mixed-signal application-specific integrated circuits (ASICs), has been awarded funding from the UK Space Agency under its Connectivity in Low-Earth Orbit (C-LEO) program. Following a competitive selection process, EnSilica has been awarded £10.38 million ($12.8 million) throughout the next three years for a development project pioneered by EnSilica.

    “This is a great opportunity to accelerate our chipset development, enabling us to extend our portfolio of chips for the satellite broadband market with a focus on providing a complete solution for user terminals while reducing cost and power,“ said Paul Morris, EnSilica vice president of RF and communications business unit.

    EnSilica provided its application with supporting letters of interest from potential lead customers to develop a family of semiconductor chips to support future generations of mass market satellite broadband user terminals. According to the company, the terminals will be capable of connecting with various satellite constellations and will leverage advanced semiconductor technology. In addition, the project will provide a resilient source of chips, which will be independent and not tied to specific satellite service operators.

    The UK Space Agency’s C-LEO program was launched in 2024 and is designed to ensure that the UK space sector remains competitive in the rapidly evolving global market for low-earth orbit constellations. With a total funding pool of up to £160 million ($198 million) available over the next four years, the C-LEO program supports the development of smarter satellites, enhanced hardware, artificial intelligence-driven data delivery and improved inter-satellite connections.

    This new project builds on EnSilica’s long history of collaboration with the UK Space Agency and the European Space Agency, alongside other key satellite communications partnerships and the company’s own investment in the technology.

  • Advanced Navigation completes Series B funding round

    Advanced Navigation completes Series B funding round

    Advanced Navigation, a developer of AI robotics and navigation technology, has raised $68 million in a Series B funding round. The Series B round was led by global investment firm KKR.

    The funding round includes participation from new investors such as deep learning venture firm AI Capital and existing investors, including Main Sequence, the Hon. Malcolm Turnbull AC, In-Q-Tel, and Our Innovation Fund, bringing Advanced Navigation’s total amount raised to more than $85 million.

    Advanced Navigation supplies solutions to some of the world’s largest tech companies, such as Fugro, NASA, Tesla, Google and Boeing. The funding will be used to develop AI technologies and expand autonomy beyond its current scope, including solutions to help guide driverless vehicles, flying taxis, space crafts, drone deliveries, autonomous farming and deep sea robotics. The company will also assess inorganic growth opportunities to incorporate new technologies and products into its suite which complement the company’s existing products and areas of expertise.

    Louis Casey, KKR’s growth technology lead in Australia, New Zealand, and Southeast Asia, said, “Advances in autonomous navigation technology that leverages AI to reduce sensor cost while improving performance can rapidly increase enterprise and consumer applications globally. We are very pleased to work alongside the Advanced Navigation team to support the company’s growth.”

    In addition, Louis Casey and Vance Serchuk, Executive Director of the KKR Global Institute, will join Advanced Navigation’s board of directors. General David Petraeus (U.S. Army, Ret.), Partner, KKR and Chairman of the KKR Global Institute, will chair a new advisory committee that targets to support the company’s global expansion efforts.

  • TRX awarded NIST funding for NEON Personnel Tracker

    TRX awarded NIST funding for NEON Personnel Tracker

    TRX Systems was awarded funding through the National Institute of Standards and Technology (NIST) Public Safety Innovation Accelerator Program (PSIAP) to test, validate and harden the TRX NEON Personnel Tracker solution to support wide-scale public safety deployment. TRX is partnering with the Arlington County Fire Department (ACFD) to conduct extended testing during which the TRX 3D location technology will be used by all personnel at Station 5, serving Pentagon City and Crystal City, to validate usability and performance and to better align the solution with first responder needs.

    Through a previous NIST PSIAP award, TRX improved the accuracy and capabilities of its NEON Personnel Tracker solution. With this subsequent Technical and Business Assistance (TABA) award, TRX will take the next steps toward wide-scale deployment by validating and tuning the NEON solution in a challenging live environment. Combined, these projects aim to accelerate the availability of improved 3D location accuracy, easy to use 3D map data tools, and actionable 3D visualizations for first responder use cases.

    Over the course of this program, TRX will partner with ACFD to conduct an 8-month field trial that exercises the TRX NEON Personnel Tracker solution 24 hours a day, 7 days a week in a fully operational environment. The key objectives of this extended deployment are to identify and close any gaps that could inhibit widescale deployment, validate usability and tracking accuracy, and demonstrate the operational feasibility and value of the solution.

    First responders typically operate in environments that are indoors, underground, or in other areas where reliable access to GPS signals is impeded. TRX’s NEON Personnel Tracker system delivers reliable and real-time 3D location in these GPS-denied environments by using patented mapping and tracking algorithms that fuse inertial sensor data to compute the user’s path and position. This solution lets on-scene and remote commanders track the real-time location of personnel during an incident, helping them to ensure the safety of their teams and improve the efficiency of their response.

  • Location Intelligence Platform Aims at Local Marketing

    Local ID has closed a $1.9 million seed round of funding led by Crosscut Ventures. Local ID is a local intelligence platform that provides multi-unit brands with the data, tools and process needed to maximize their local marketing efforts, according to the company.

    Other investors in the round included Technicolor, TenOneTen, Baroda Ventures, Double M Partners, Tallwave, Wavemaker Partners and Queens Bridge Venture Partners. 

    Founded by a team with more than 60 years of collective retail experience, Local ID is a cloud-based platform that provides brands with visibility into each store’s trade area. For example, Local ID:

    • surfaces local events that present timely and contextual marketing opportunities;
    • identifies competitive intrusions;
    • provides proactive preparation for weather events; and
    • incorporates a wealth of other data on the hundreds of local marketing opportunities taking place each day within a store’s trade area.

    With brick and mortar representing 94 percent of the $4.5 trillion retail sales market, according to eMarketer, Local ID gives multi-unit brands an edge in capturing a larger share of this vast but extremely competitive market, the company said.

    “Local ID is the first local intelligence platform designed to solve at-scale local store marketing for large brick and mortar brands,” said Alex Nocifera, Founder & CEO of Local ID. “Our dynamic, enterprise platform will increase same store sales and traffic for our customers by systemizing the way they plan, execute and track their local marketing activities. This funding, along with the extensive outreach we’ve done over the last year with large brands, has validated the timeliness of our solution to solve brands’ decentralized, inefficient inability to execute and measure local marketing at scale. Overall, I could not be more excited about our team, the early market signals and the product we are taking to the market.”

    Local ID is a single-source solution that will centralize all local store marketing programs, institutionalize market-specific knowledge and systemize best practices across the enterprise. The platform leverages Esri mapping software, integrates multiple data streams and then custom curates brand opportunities for every store in the system. The core pillars include:

     Store Profiles – A dynamic database of every store in a brand’s system providing visibility into every location and activity

    People Profiles – Details, activities and insights of all employees engaged in local marketing at any level

    Relevant Opportunities – Custom curated, brand relevant opportunities in each market

    Marketing Activities  – An innovative and engaging task management tool for tracking and systemizing local marketing activities

    The company will use the new funding to invest in product development, research and acquiring key talent. Nocifera previously served as founder and CEO of both Ripple TV and Circle Street, two venture-backed start-ups focused on helping big brands solve complex local challenges. Ripple TV was acquired by TargetCast Networks (now part of Brite Media Group). Circle Street was acquired by Valassis, the largest local advertising company for promotional media to retail and CPG brands.

    “Local ID has the opportunity to be the Salesforce.com of the trillion dollar local marketing space by solving the conundrum large, multi-unit brands face in executing successful local store strategies at the enterprise level,” said Brian Garrett, co-founder and managing director of Crosscut Ventures. “It’s a massive, untapped market and one that the Local ID team, with deep experience in RetailTech, is perfectly situated to address.”