oneNav has filed a notice of an exempt offering of securities to raise $16,142,870.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, oneNav is raising $16,142,870.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Stephen Poizner played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About oneNav
oneNav provides the pureL5 GNSS receiver for smartphones, wearables and trackers. The oneNav team comprises 45 GNSS experts from Qualcomm, Apple, Intel, SnapTrack, SiRF, Trimble and eRide. oneNav team members invented GPS for cell phones for the first time in 2001. oneNav is headquartered in Palo Alto, California. oneNavs embedded receiver utilizes the modernized L5 signaling band from the GPS, Galileo, BeiDou, QZSS and GLONASS GNSS constellations. oneNavs system is unique in in that it both acquires and tracks on a single frequency which is unified worldwide. oneNavs simplified design completely eliminates the L1 RF chain and antenna subsystem which current L5 solutions use. oneNavs pureL5 GNSS uses AI/Machine Learning to remove multipath errors in urban canyons. oneNav expects to deliver 3m accuracy in urban canyons, where todays ride share, navigation and tracking applications suffer from poor accuracy.
To learn more about oneNav, visit http://www.onenav.ai/
Contact:
Stephen Poizner, Chief Executive Officer
669-293-4863
SOURCE: http://www.intelligence360.io
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