TGFS invests millions in Pinpoint
The Chemnitz-based high-tech start-up Pinpoint GmbH has received a seven-figure investment from TGFS Technologiegründerfonds Sachsen. The company develops indoor positioning systems for people based on ultra-wideband technology (UWB).
The positioning platform developed by Pinpoint is a scalable, private solution for infrastructures with a high volume of people and security requirements. The company recently presented its expertise at embedded world in Nuremberg and CES in Las Vegas, among others. Pinpoint is now using the seven-figure investment to accelerate further company development and market entry.
Our Positioning Platform follows the Privacy by Design approach. Users decide for themselves whether, when and to whom they want to share their position.
Dr. Thomas Graichen, Founder pinpoint GmbH
Pinpoint's UWB-based system uses a similar operating principle to global navigation satellite systems (GPS, Galileo, GLONASS), but is specially designed for indoor use. With an accuracy in the decimeter range, it enables users to determine their own position on their smartphone. This allows the user to navigate within buildings and complex infrastructures or interact with third-party services. The personal and position-related data remains on the user's device and is not initially tracked by a third party.
Pinpoint makes this possible with its technology on standard hardware, purely in software, decentralized in a wireless mesh network.
Dr. Marko Rößler, Founder pinpoint GmbH
About TGFS - Technologiegründerfonds Sachsen
TGFS is a regional venture capital fund that invests in start-ups based in the federal state of Saxony / Germany. The fund was launched in 2007 and has since invested in more than 60 companies. The TGFS focuses on companies in the fields of information and communication technology, life sciences, materials technology as well as energy and environmental technology. The TGFS is part of Investitionsbank Sachsen (IBS) and is financed by the Free State of Saxony and the European Regional Development Fund (ERDF).
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