# PathSense

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.pathsense.com
- Total disclosed funding: $2.2M
- Latest round: Seed (May 28, 2015)
- Investors on record: 1

## About

PathSense, Inc. develops innovative location tracking solutions, enhancing GPS accuracy for mobile applications and delivering high-performance services for app developers across diverse sectors, particularly in transportation and logistics.PathSense, Inc. focuses on providing advanced location tracking for mobile applications. The company was founded by Pete Tenereillo, who has a background in technology and entrepreneurship. PathSense is headquartered in Palo Alto, US. The company raised a total of USD 2.20 mn through a SEED funding round in March 2018, with Data Collective as one of the investors. PathSense has completed three deals, with its most recent being in March 2018 when it was acquired by Life360, though the financial terms remain undisclosed.PathSense specializes in advanced location tracking solutions for mobile applications, offering a suite of products designed to enhance GPS accuracy and efficiency for both Android and iOS platforms. The core offerings include Geofencing, TruePath, Ambient Location, and Trips, which collectively aim to improve location-based services by providing real-time, precise tracking of user movements while minimizing battery consumption. Geofencing features a faster and more reliable wake-up mechanism, while TruePath ensures GPS data aligns accurately with roadways, boasting a significant accuracy improvement over standard providers. Ambient Location captures short visits with near-zero battery usage, and the Trips feature automates the detection of driving activities, recording distance and paths without manual input. These solutions primarily serve app developers and businesses in various sectors, including transportation and logistics, across North America and Europe.PathSense generates revenue through a tiered subscription model, offering different pricing plans tailored to various client needs. The Starter Plan caters to non-commercial deployments, allowing for one active application with up to 1,000 monthly users, while the Commercial Deployment Plan targets larger enterprises, providing unlimited active applications and users along with 24/7 support. Clients engage with PathSense's services by integrating the SDK into their applications, enabling them to harness PathSense’s capabilities for enhanced location tracking. The revenue structure is primarily B2B, focusing on partnerships with developers and businesses that require robust geolocation solutions. Flagship offerings like the Geofence and TruePath serve as key revenue drivers, facilitating smooth transactions between PathSense and its clients.Moving forward, PathSense aims to develop new products that will further enhance its location tracking capabilities. The company is planning to expand its presence into new geographic regions, targeting Europe and Asia by the end of 2023. The recent funding from the USD 2.20 mn SEED round will be utilized to support product development and market expansion efforts. The acquisition by Life360 is expected to enhance PathSense's operational framework and broaden its market access, increasing its potential for growth.

## Funding rounds

- Seed, May 28, 2015, $2.2M — DCVC

## Investors

- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed