Deployment of low-power geolocation solutions for the IoT
Summary
“We are grateful for the support from the European Innovation Council who, together with our current investors Sofimac and The Faktory Fund, believe in and continue to back our vision for making location accessible to low-power IoT devices,” said Ambroise Popper, CEO of Nestwave. Purpose-built for the IoT, the Nestwave solution reduces power consumption significantly compared to traditional GNSS offerings while eliminating the need for a dedicated positioning chipset. “Nestwave is very well positioned to capitalize on the growing nexus of geolocation and IoT technologies,” added Martin Bruncko, EIC Fund Investment Committee member. “This new round of funding for Nestwave will support the momentum for its unique, low-energy and high precision technology targeting applications in areas such as asset tracking, logistics and transportation.” Nestwave has developed a DSP software solution that enables modem providers in the IoT market (supporting LTE cat M1, NB-IoT, LoRa or Sigfox) to offer a cost-effective, accurate geolocation solution integrated within their platform. “Nestwave is opening new opportunities in the IoT and cloud services market by eliminating the need for dedicated positioning chipsets, improving accuracy and reducing power dissipation,” said Simon Alexandre, General Manager and Partner, The Faktory Fund.