Essential Insights
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Massive Growth: GEODNET Foundation reported a 400% year-over-year revenue increase, raising $8M in a strategic funding round to enhance its precision positioning network for autonomous robotics applications.
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Global Expansion: With over 13,500 reference stations in 142 countries, GEODNET is now the largest Real-Time Kinematic (RTK) network, providing centimeter-level location accuracy essential for various robotic technologies.
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Robotics Market Potential: As the robotics market approaches a projected $200B by 2030, GEODNET aims to support autonomous robots and drones, enhancing their operational efficiency through accurate positioning data.
- Leading Investors: Backed by notable venture firms like Multicoin Capital and ParaFi, GEODNET is recognized alongside successful decentralized physical infrastructure networks (DePINs) for its potential to revolutionize multiple industries.
GEODNET Raises $8M to Enhance Humanoid Robot Precision
[PRESS RELEASE – New York, CA, February 25th, 2025]
GEODNET Foundation announced an impressive funding boost of $8 million in a strategic financing round. Multicoin Capital led this round, with additional participation from ParaFi and DACM. This new investment brings the project’s total funding to $15 million.
GEODNET operates the world’s largest precision positioning network, providing centimeter-level accuracy for robotics. Its Real-Time Kinematic (RTK) technology improves positioning data from satellite systems. The network now includes over 13,500 reference stations across 4,377 cities. These stations supply vital location data to thousands of robots each day.
Mike Horton, founder of GEODNET, highlighted the network’s significant impact. “We offer a 100-fold improvement in location accuracy over GPS," he stated. "This capability is crucial for intelligent robots, including drones and autonomous vehicles." With the new funding, GEODNET aims to expand its ecosystem and support innovative robotics applications.
Notably, GEODNET serves various clients, including large corporations and government entities such as Propeller and USDA. The network has seen remarkable growth, achieving over 400% in annual recurring revenue for 2024.
The robotics market continues to thrive, with projections estimating it will exceed $200 billion by 2030. Many of these robots require precise location services to navigate complex environments. GEODNET’s technology plays a crucial role in ensuring safe and efficient operation, particularly for humanoid robots and robotic pets.
According to Kyle Samani of Multicoin Capital, “GEODNET is addressing significant challenges in the robotics field. As more robots come online, their work will revolutionize various industries.” The foundation’s focus on precision positioning aligns with the growing demand for effective robot training and operation.
For those interested, GEODNET offers a free 30-day trial. This opportunity allows potential users to experience the benefits of enhanced positioning firsthand.
As the robotics sector advances, GEODNET stands at the forefront, driving innovation through precise technology and strategic partnerships. To learn more about this pioneering network, visit GEODNET’s website.
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