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January 15, 2020 08:55 pm GMT

NextNav raises $120M to deploy its indoor positioning tech to find people in skyscrapers

NextNav LLC has raised $120 million in equity and debt to commercially deploy an indoor-positioning system that can pinpoint a device’s location including what floor it’s on without GPS . The company has developed what it calls a Metropolitan Beacon System, which can find the location of devices like smartphones, drones, IoT products […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n7ccufN-vZc/

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