oneNav Closes $17 Million Round, Launches GNSS Augmentation Product

Sunnyvale, California, June 7th 2023
Kevin Dennehy reports via Location Business News on oneNav’s cutting edge location technology and closing of a remarkable $17 million funding round. oneNav has launched its L5-direct™ Acquisition Receiver Core (pARC) for Global Navigation Satellite System (GNSS) augmentation. The pARC product enhances GNSS performance in devices such as smartphones, smartwatches, and IoT trackers, addressing the growing demand for improved positioning and measurement capabilities.

Sunnyvale, Calif.-based oneNav has announced the closing of a $17 million Series C funding round and launched its L5-direct™ Acquisition Receiver Core (pARC). The funding round, led by MVP Ventures, includes participation from previous investors Google Ventures, GSR, Norwest Venture Partners and In-Q-Tel.

The company said the new funding round was at an increased valuation over earlier funding. Overall, oneNav has raised $50 million.

oneNav raised $50 million, rolls out GNSS augmentation product.
“There’s a huge demand for vastly better GNSS performance in phones, watches and IoT trackers. This new funding will be used to ramp up our support for many more tape outs in 2023 and 2024,” said Steve Poizner, oneNav CEO and co-founder.

The new L5-direct pARC product can augment customers’ existing GNSS solutions, which saves time and money, said Ellen Kirk, oneNav vice president, strategic marketing and business development.

“[pARC] is a standalone solution. Customers have many hours invested in their measurement and positioning engines—they aren’t going to take them out,” she said. “What they do not have is direct L5 acquisition. All hybrid solutions acquire L1 first, then acquire L5.”

About oneNav

oneNav is enabling AI-powered next generation GNSS silicon. Based in California, oneNav is developing L5-direct™ GNSS receiver technology for smartphones, wearables, drones, tracking devices, and more and has built a large L5-band patent portfolio. oneNav’s team comprises top GNSS experts from Qualcomm, Apple, Intel, SnapTrack, SiRF, Trimble and eRide. With extensive experience in GNSS system architecture, multipath mitigation, signal processing, ASIC design and AI/machine learning, oneNav engineers have designed and built billions of GNSS receivers on the market today and have collectively filed over 300 career GNSS patents. World-class VC investors include Google Ventures, Norwest Venture Partners, and IQT.

Media Contact:

Ellen Kirk