Fixposition raises USD 5.95 million in an extension of its seed financing round
27.10.2021
Fixposition, which provides high-precision positioning information in GNSS (global navigation satellite system) degraded and denied environments, has raised an additional USD 5.95 million in an extension of its seed financing round. This extension includes investments from Cultivation Capital, G&M Capital, Hasler Stiftung, MiraclePlus, Momenta, and True Ventures. In 2018, Fixposition was a Venture Kick winner and a Venture Leader China. The Zurich-based startup has also been one of the TOP 100 Swiss Startups from 2018 to 2021.
 The Fixposition team
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The funds 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. Fixposition will also use the funds to develop its complementary services to future-proof its solutions and prioritize customer integrations and support.
“Autonomy and digitalization in agriculture, logistics, and smart cities are the keys to solving global challenges such as food security, labor shortages, and the green energy transition,” said Zhenzhong Su, CEO and co-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.”
“Our next-generation product incorporates all the findings gained from closely working with our partners in the last year,” explained 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 Fixposition co-founders Zhenzhong Su (left) and Lukas Meier (right)
Source (press release and team photo): Fixposition website
“Autonomy and digitalization in agriculture, logistics, and smart cities are the keys to solving global challenges such as food security, labor shortages, and the green energy transition,” said Zhenzhong Su, CEO and co-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.”
“Our next-generation product incorporates all the findings gained from closely working with our partners in the last year,” explained 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 Fixposition co-founders Zhenzhong Su (left) and Lukas Meier (right)
Source (press release and team photo): Fixposition website