# GiPStech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gipstech

- Industry: Software
- Headquarters: Rende, Italy
- Website: www.gipstech.com
- Total disclosed funding: $0.3M
- Latest round: Angel (May 29, 2014)
- Investors on record: 1

## About

GiPStech is an Italian company specializing in advanced localization solutions, offering innovative technologies that enhance operational management across various industries. Its flagship product, Asset2Work, provides high-precision indoor and outdoor localization services.GiPStech Srl, founded by Gaetano D'Aquila, Giuseppe Cutrì, and Giuseppe Fedele, operates out of Rende, Italy. The company specializes in indoor-outdoor localization technologies. In September 2015, it raised EUR 0.4 million from Embed Capital and Italian Angels for Growth, marking a critical funding milestone. Gaetano D'Aquila serves as the CEO.GiPStech Srl specializes in advanced indoor-outdoor localization solutions through its flagship product, Asset2Work. This integrated platform utilizes multi-patented technologies to provide seamless and high-precision localization services that surpass traditional GNSS systems. The technology enables efficient operational management across various industries, including smart factories, retail environments, and healthcare facilities. By leveraging proprietary algorithms, magnetic fingerprinting, and a combination of signal sources, GiPStech enhances real-time localization for better workflow efficiency, customer engagement, and safety. Their solutions are designed for a wide range of end-users, including airports, hospitals, museums, and educational institutions, and are deployed across diverse geographical markets, particularly in Europe, North America, and Asia.For the year 2023, GiPStech reported a revenue of EUR 974,056.80 and an EBITDA of EUR 412,919.50. The company generates revenue primarily through subscription-based models and partnerships with enterprises looking to implement its advanced localization technology. Clients, including major industry players, engage in direct transactions where they subscribe to the Asset2Work platform, enabling them to integrate and deploy GiPStech's localization solutions within their operational frameworks. The revenue structure reflects the company's focus on B2B relationships, targeting sectors such as logistics, retail, and public services. Specific pricing structures for the services offered are tailored to the needs of individual clients and projects, ensuring a flexible approach to technology deployment that aligns with customer operational requirements.Looking forward, GiPStech plans to enhance its product offerings with new features for Asset2Work, aimed at improving user experience and expanding functionality. The company is targeting expansion into new European markets, including Germany and France, by the end of 2024. The recent funding of EUR 0.4 million raised in September 2015 will support these initiatives, enabling investment in research and development to drive innovation and market penetration.

## Funding rounds

- Angel, May 29, 2014, $0.3M — Italian Angels for Growth

## Investors

- Italian Angels for Growth (https://capitalatlas.ai/funds/italian-angels-for-growth) — Angel