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Loctio logo — Democratizing precise location capabilities for IoT devices

Loctio

Democratizing precise location capabilities for IoT devices

Founded 2019 Greece Greece 5 employees Seed Total: $500.00K Information Technology, Machine Learning

General Information

Company Name Loctio
Founded Year 2019
Location Greece Greece +1
Employees 5
Industries Information Technology, Machine Learning
Funding Stage Seed
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About Loctio

Loctio is an Information Technology startup based in Greece, founded in 2019, that aims to democratize IoT location-based services for billions of devices with limited processing and power resources. The company's mission is to empower even the lowest cost IoT devices with precise location estimation, making it an innovation enabler. Positioned as a Position as a Service (PaaS) provider, Loctio offers seamless integration with existing IoT business models and infrastructure. The company was conceived by a diverse and creative team that recognized the potential of processing satellite signals in the Cloud. With a presence in Athens, Barcelona, and Tokyo, Loctio foresees a future where numerous interconnected devices accurately determine their precise position. The company's approach involves utilizing multiple technologies, including GNSS, 5G, IMUs, advanced Machine Learning, Crowdsourcing-Fingerprinting, and Collective Perception to ensure reliable and precise location detection in both indoor and outdoor environments. In March 2020, Loctio secured a €500.00K investment in a Seed Round from Metavallon VC. This investment will enable the company to further develop its sophisticated IP processing and expand its Cloud and Edge PaaS offerings. Loctio's innovative approach and strategic partnerships position the company for success in the rapidly evolving IoT market.

Taxonomy: IoT devices, location estimation, GNSS, Position as a Service, Cloud computing, Edge computing, 5G, RF technology, Digitalization circuitry, Security capabilities, Low power consumption, LaaS, Collective Perception, Global Navigation Satellite System (GNSS)

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 1
Investor
19 Mar 2020

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FAQ About Loctio

Democratizing precise location capabilities for IoT devices
Loctio was founded in 2019.
Loctio is headquartered in Greece.
Loctio operates in the following industries: Information Technology, Machine Learning.
Loctio has approximately 5 employees.
Loctio has completed 1 funding round, raising a total of $500.00K. The latest funding stage is Seed.
Top alternatives and competitors to Loctio include Precise Financial Systems, Hala, Allied Telesis. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Loctio and Precise Financial Systems are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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