Spain
Situm Indoor Positioning, founded in 2014, is headquartered in Spain and focuses on providing precise indoor positioning solutions for environments where traditional GPS services fall short. With a pledge to enhance user experience and operational efficiency, the company offers B2B-oriented, cloud-based positioning services that utilize existing environmental data such as magnetic fields, Bluetooth, and WIFI, combined with smartphone sensors, to achieve accuracy levels between 1 to 4 meters without additional hardware.
Situm's technology is particularly beneficial in sectors like health, facility management, retail, transport, and more, seeing deployment in over 6,000 buildings across 70 countries. The solution has captivated interest from more than 3,000 developers worldwide.
The company received a €3.00M Venture Round investment on 03 October 2019 from investors including Amadeus Capital Partners, Swanlaab Venture Factory, UNIRISCO, Xesgalicia, and Prosegur, indicating strong market validation and investor confidence in its innovative approach to indoor navigation and staff tracking.
