October 26, 2021

FixpositionVision RTK400x275Switzerland-based Fixposition AG, which develops high-precision positioning information in the Global Navigation Satellite System (GNSS), has announced raising an additional $5.95 million in an extension of its seed financing round.

The new funding will be used to bring the company’s next-generation product into production, execute its market strategy, and expand its portfolio through strategic partnerships in the autonomous navigation space. The company said it will also use funds to develop complementary services to future-proof its solutions and make customer integrations and support a priority.

“Autonomy and digitalization in agriculture, logistics, and smart cities are the key to solving global challenges such as food security, labor shortages, and the green energy transition,” said Zhenzhong Su, CEO and founder of Fixposition. “Fixposition is continuously developing an indispensable component of autonomy: precise positioning that works everywhere. We are excited to welcome our new investors who share our vision and are sincerely grateful for their support, as well as the continued support of our existing investors. The new investment will help to expand production, accelerate go-to-market speed and explore new market opportunities”

The company develops deep sensor fusion technology that fuses RTK-GNSS, IMU, and computer vision data to ensure highly reliable, centimeter-accurate positioning in all environments, even where other systems fail. The technology expands the operational opportunities for autonomous robots and enables new players to participate in the market.

“Our next-generation product incorporates all the findings gained from closely working with our partners in the last year,” said Lukas Meier, CTO and co-founder of Fixposition. “With the next release of our cutting-edge sensor fusion engine, along with all new hardware, we’ve pushed the performance and stability of the Vision-RTK product line to the next level, while also simplifying its integration and design-in-ability.”

The new funding includes investments from Cultivation Capital, G&M Capital, Hasler Stiftung, MiraclePlus, Momenta, and True Ventures.

For more details on the company and its products, visit the Fixposition website here.