IndoorAtlas was founded in 2012 by Professor Janne Haverinen and four PhDs in computer science, as a spin-off from research conducted at the University of Oulu. The patented technology utilizes built-in magnetometers in smartphones to detect anomalies in the geomagnetic field to help users reliably navigate through indoor spaces without any additional infrastructure. IndoorAtlas is headquartered in Mountain View, CA and Oulu, Finland.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 09/03/14 | $10,000,000 | Strategic |
Baidu | undisclosed |
