Venture Capital News: oneNav Scores $21M Series B Round
2021-05-20
PALO ALTO, CA, oneNav today announced that it has closed a $21 million Series B funding round.
The round led by GV, with participation from Norwest Venture Partners and GSR Ventures, bringing total funding to $33 million. The company also unveiled the world's first pure L5 mobile GNSS receiver, which provides the highest location accuracy with half the footprint of existing solutions. Further validating the company's unique mobile offering, oneNav has signed a strategic partnership agreement with In-Q-Tel Inc., providing U.S. intelligence and defense agencies with a first-of-a-kind GNSS technology solution.
oneNav is powering high performance positioning for location dependent mobile services. Based in Silicon Valley, oneNav is developing a next generation, pure L5 mobile GNSS receiver for smartphones, wearables and IoT devices. oneNav's team comprises top GNSS experts from Qualcomm, Apple, Intel, SnapTrack, SiRF, Trimble and eRide, with decades of GNSS and mobile industry experience. The team has extensive experience in GNSS system architecture, multipath, signal processing, ASIC design and AI/machine learning, and has collectively filed over 200 career GNSS patents. oneNav's investors include GV, Norwest Venture Partners and GSR Ventures. To learn more, please visit www.onenav.ai.
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