Fixposition raised a total of 3.35 million Swiss francs following a financing round conducted in December, a press release issued by venturelab explains. The financing round was led by the Californian venture capitalists True Ventures, with the Hasler Foundation, Deeptech Ventures and other private investors additionally taking part. The latter group also includes Daniel Ammann, co-founder of the sensor manufacturer u-blox from Thalwil in the canton of Zurich, who was named the new chairman of the board at Fixposition.
Fixposition manufactures real-time navigation systems for autonomous cars, robots and industrial drones, for example. By combining satellite-based positioning systems such as GPS and image recognition technologies, Fixposition achieves a particularly high degree of accuracy. According to the information available, Fixposition is planning to use the fresh injection of capital to grow its team and expand the product portfolio. Moreover, the company will be seeking to enter the global market.
Fixposition was founded in 2017 as a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH) and is headquartered in Zurich.