This latest round follows the announcement earlier this year that FocalPoint had secured funding from the European Space Agency to develop a live demonstration and rapid prototyping system to accelerate FocalPoint’s activities in the automotive and mobile sector.įocalPoint’s groundbreaking Supercorrelation software enables a new class of satellite positioning receiver that can measure the directions of the incoming signals, allowing them to ignore reflected signals and fake ‘spoofed’ signals, making them more accurate in cities and more resilient against spoofing attacks.įocalPoint CEO Scott Pomerantz commented: “We are delighted at this show of confidence in FocalPoint from new and established investors amidst a challenging market backdrop. and brought in former Broadcom SVP Scott Pomerantz as its new Chief Executive Officer alongside other senior executives with deep experience in building and scaling technology firms. Since its successful £6m Series B funding round in 2021 with Molten Ventures as the sole investor, FocalPoint has almost doubled its headcount across its offices spanning the U.K. Currently, over a trillion dollars of the US economy and over 800 billion euros of the European economy depend on its positioning and timing systems. This is the first close of a multi-round Series C of up to £23m from a consortium of investors co-led by Molten Ventures and Gresham House.įocalPoint was founded to address inaccuracies of current receivers and bring navigation positioning better in line with the demands of businesses and individuals in the 21st century. This site includes how-to videos and outline’s the support provided by the Align Advisors.You focus on the coaching, Align will handle everything related to the software.We are today delighted to announce that Molten Ventures has co-led a £23m Series C funding round in FocalPoint, a deep tech company which provides next generation positioning solutions for mobiles, wearables and vehicles. Once they are subscribed, they will be introduced to a Customer Success Advisor to schedule a kickoff call and will also go through the onboarding checklist.
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