# oneNav

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

- Industry: Semiconductors
- Headquarters: Palo Alto, US
- Website: www.onenav.ai
- Total disclosed funding: $21M
- Latest round: Series B (May 20, 2021)
- Investors on record: 3

## About

Based in the US, oneNav, Inc. specializes in advanced Global Navigation Satellite System (GNSS) technology, focusing on high-accuracy positioning through its innovative L5-direct™ GNSS receiver.oneNav, Inc. was founded in 2019 and is headquartered in Palo Alto, US. The company develops advanced GNSS technology, specifically its L5-direct™ GNSS receiver. The firm has undergone no significant pivots in its business strategy and does not have any subsidiaries. The founders, Paul McBurney and Steve Poizner, have a history in technology innovation. The company raised USD 21 mn in Series B funding in May 2021, led by GV, with participation from GSR Ventures and Norwest Venture Partners. This round marked the total amount raised to USD 21 mn, with a current company valuation of USD 86.739 mn.oneNav specializes in advanced Global Navigation Satellite System (GNSS) technology, with its flagship product being the L5-direct™ GNSS receiver. This technology is engineered to capture L5-band signals for high-accuracy positioning independent of traditional L1 signals. The L5-direct receiver is applicable in wearables, IoT devices, and compact electronics, focusing on reliability and size constraints. By utilizing its proprietary Application Specific Array Processor (ASAP), oneNav mitigates multipath errors, ensuring rapid location acquisition. The company markets its products across the United States, Europe, and conflict-prone regions with GPS signal disruption challenges.oneNav generates revenue primarily through direct sales and partnerships with original equipment manufacturers (OEMs), who integrate its GNSS technology into their products. Revenue arises from licensing agreements for the L5-direct technology, allowing OEMs to implement oneNav's patented solutions in mobile devices and automotive applications. The company may also collaborate with defense agencies and governmental organizations seeking advanced positioning solutions, structuring its revenue models around these partnerships as well as potential ongoing service agreements.In May 2021, oneNav, Inc. raised USD 21 mn in Series B funding, which will be utilized to expand operations and business reach. The company aims to launch new product enhancements and explore new market opportunities. Specific targeted regions for expansion include underserved areas facing GPS signal disruption. The recent funding will support these initiatives, facilitating growth in both product offerings and geographical presence.

## Funding rounds

- Series B, May 20, 2021, $21M — Norwest Venture Partners, GSR Ventures, GV
- Series A, Nov 26, 2019 — Norwest Venture Partners

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series B
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B