Borderless Capital Leads $1.5M Investment into the GEODNET Foundation to Support a Precise and Trusted Decentralized Location Service
Retrieved on:
Thursday, July 6, 2023
Hardware, IOT (Internet of Things), Data Management, Satellite, Technology, Robotics, Apps, Applications, Blockchain, Professional Services, Web3, Software, Networks, Internet, Mobile, Wireless, Cryptocurrency, GNSS, GEOD, Internet of things, Multimedia, App Store (iOS/iPadOS), Sale, Nifedipine, Borderless, Artificial intelligence, Global Earth Observation System of Systems, Consumer, Hemisphere, LTD, Conference, Mining, Satellite navigation device
The round was led by Borderless Capital’s EdgeFi Fund, the first web3 investment fund exclusively focused on Decentralized Physical Infrastructure Networks (DePIN).
Key Points:
- The round was led by Borderless Capital’s EdgeFi Fund, the first web3 investment fund exclusively focused on Decentralized Physical Infrastructure Networks (DePIN).
- The investment round includes additional participation from IoTeX, a web3 technology provider and blockchain for Internet of Things, as well as angel investors.
- The GEODNET location service offers reliable centimeter location accuracy for applications such as drones, robotic vehicles, augmented reality, and IoT/mobile devices.
- The GEODNET Foundation manages the open network protocol and promotes service usage within the traditional GNSS and IoT industry.