# Syntony GNSS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/syntony-gnss-s-a-s

- Industry: Software
- Headquarters: Toulouse, France
- Website: www.syntony-gnss.com
- Total disclosed funding: $3.7M
- Latest round: Series C (Jan 24, 2019)
- Investors on record: 2

## About

Syntony GNSS S.A.S. specializes in developing advanced software-based location and navigation systems, delivering innovative products tailored for industries reliant on Global Navigation Satellite Systems (GNSS).Founded in 2015 in Toulouse, France, Syntony GNSS S.A.S. focuses on providing precision navigation solutions. The company has secured a total of 5 deals, with their most recent deal occurring on March 7, 2023. They raised EUR 4.4 million during this round, bringing their total funding to EUR 4.4 million and achieving a current company valuation of EUR 111.056 million. The company is led by CEO Joel KORSAKISSOK, with Béatrice KORSAKISSOK as the founder.Syntony GNSS specializes in advanced software-based location and navigation systems, offering products designed for various industries that rely on Global Navigation Satellite Systems (GNSS). Their core offerings include the SoftSpot IoT GNSS receiver, featuring low energy consumption and multi-frequency capabilities; the Constellator GNSS Simulator for high-fidelity simulation; the Echo 4RP™ GNSS Recorder and Player for quality recording across frequency bands; and the SubWAVE™ solution for GPS positioning underground. These products cater to diverse applications, enhancing positioning accuracy and reliable navigation in challenging environments. Syntony serves clients globally across sectors such as telecommunications, automotive, and public safety, with notable markets in Europe, North America, and Asia.In the most recent year, 2021, Syntony GNSS reported total revenue of EUR 3,883,219.40 and an EBITDA of EUR -90,620.90. The company's revenue model is structured around direct sales, partnerships, and B2B transactions, allowing flexibility for clients across various scales. Their flagship products are offered through both subscription models and one-time purchases, often accompanied by service agreements that provide ongoing support and maintenance.Following the latest funding round on March 7, 2023, where Syntony GNSS S.A.S. raised EUR 4.4 million, the company plans to enhance its product offerings and expand into new markets. Their strategy includes launching new products aimed at improving IoT applications and entering markets in Asia and North America by the end of 2024. The recent funding will support these initiatives, enabling Syntony to invest in product development and market expansion efforts.

## Funding rounds

- Series C, Jan 24, 2019, $3.7M — Bpifrance Investissement, Irdi Capital Investissement

## Investors

- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series C
- Irdi Capital Investissement (https://capitalatlas.ai/funds/irdi-capital-investissement) — Series C