Calcalist: Oriient Raised $4 Million for Indoor Positioning System Development
As Published by Calcalist on April 28, 2019:
Full Hebrew version: https://www.calcalist.co.il/articles/0%2C7340%2CL-3761111%2C00.html
English version: https://www.calcalistech.com/ctech/articles/0%2C7340%2CL-3761087%2C00.html
The Tel Aviv-based company develops an indoor GPS app intended to provide real-time location services and motion analytics with an accuracy of just under one meter
Tel Aviv-based Oriient New Media Ltd. announced on Thursday the closing of a $4 million seed investment by F2 Capital and Innogy Innovation Hub, an accelerator and the venture capital arm of German energy company Innogy SE.
Founded in 2016, Oriient develops an indoor GPS app intended to provide real-time location services and motion analytics with an accuracy of just under one meter. The company uses earth’s magnetic field for orientation, with clients including retailers, airports, malls, and wholesalers.
To learn more about Oriient’s hardware-free Indoor GPS, click here.
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