Following Pivot to Cloud Location over Cellular Technology, Location Technology Startup Polte Announces Series A-2 Funding
- October 6, 2019
Category: Patent Market, Patent Watch
Polte Corporation announced on October 1 that it has raised $12.5M in “strategic funding” from “experienced private investors” (the identities of which it has not disclosed). “The Series A-2 funding will enable the company to focus on deployments of commercial and industrial applications of Polte’s patented alternative to GPS”, said the company in a press release. Last year saw Polte pivot to Cloud Location over Cellular Technology (C-LoC) following its earlier pursuits focused on indoor location tracking and Enhanced 911 services.