The University of Cambridge Enterprise Fund IV has invested in Focal Point Positioning Limited, a spin-out from the University of Cambridge.
Focal Point has developed software which offers highly accurate positioning of smartphones both indoors and outdoors in urban areas.
The company was founded in June 2015 with Dr Ramsey Faragher as CEO and CTO. The team had originally worked on a range of platforms seeking to improve the navigational and positioning systems on vehicles as diverse as submarines and Martian rovers. They then decided to bring that 30 years of combined knowledge to bear on the problem of accurate positioning for smartphones and autonomous platforms indoors and out.