Last deal

$3.3M
Local Amount - EUR 3M

Amount

Venture - Series Unknown

Stage

03.10.2019

Date

4

all rounds

$3.3M

Total amount

General

About Company
Situm offers indoor positioning and navigation technology with minimal infrastructure.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Situm

founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Situm's indoor-outdoor positioning and navigation system allows users to locate themselves and other elements inside buildings and large infrastructures, providing valuable geostatistic information to managers and building owners. The platform uses a disruptive location algorithm and multi-sensor smart detection technique to fuse information from sensors in current mobile phones, enabling managers to view real user movements, allocate resources to smooth passenger flow, improve security services, and offer analytics to improve geo-marketing and targeting. Situm's technology has already been deployed in various sectors, including health, facility management, retail, transport, corporate buildings, events, industry 4.0, and education, and it has been recognized as one of the top 10 providers of indoor positioning services worldwide by Gartner's "Magic Quadrant for Indoor Location Services."
Contacts