Geodnet Foundation Raises Funding for Expansion and Developer Support

The Geodnet Foundation's Funding Round

Key Highlights:

• Funding Round: The Geodnet Foundation, governing GEODNET, a blockchain-based global navigation network, raised an undisclosed amount in funding.
• Investors: CoinFund, Pantera, VanEck, and Santiago R. Santos participated in the funding round.
• Near-Term Objectives: The funds will be used to support decentralization and improve developer accessibility.

GEODNET's Target Market

• Autonomous Systems: GEODNET's real-time kinematics (RTK) network enhances the accuracy of autonomous systems, such as AI-based autonomous vehicles, by providing precise 3D localization.
• Enterprise Customers: The network has already attracted over a dozen enterprise customers who benefit from the improved positioning accuracy offered by GEODNET's RTK stations.
• Technology Developers: GEODNET aims to provide developer-friendly access to its network, enabling the integration of accurate positioning capabilities into various applications and technologies.

What The Geodnet Foundation Needs to Buy

• Network Expansion: Investments in expanding the global network of Real-Time Kinematic (RTK) stations to enhance coverage and accuracy.
• Developer Tools and Support: Resources and tools to improve developer accessibility and facilitate the integration of GEODNET's positioning capabilities into different applications and technologies.
• Partnerships and Collaborations: Collaborations with technology companies and autonomous system developers to further enhance the capabilities and applications of GEODNET's network.