Humatics Raises $18M in Series A Financing
Summary
Humatics Corporation, a Cambridge, Mass.-based company developing microlocation products, completed a $18M Series A financing.Founded in 2015 by David Mindell, chief executive officer, and Gary Cohen, president and chief operating officer, Humatics provides the Spatial Intelligence Platform™, a microlocation system and analytics software platform that enables people and machines to locate, navigate and collaborate.A single Humatics system, using radio-frequency technology, can pinpoint multiple, moving transponder targets at ranges up to thirty meters with millimeter-scale precision.These systems can network together to provide broader, ultra-precise positioning coverage – from factory work cells to entire distribution centers and beyond.With its architecture and application programming interfaces (APIs), the Spatial Intelligence Platform™ will power an ecosystem of new position-based products and services.
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