Valuation
$230.00M
2025
Funding
$65.00M
2025
Valuation
Point One Navigation raised a $35M Series C in November 2025 led by Khosla Ventures, bringing the company's post-money valuation to approximately $230M.
The company previously raised a $10M Series A led by UP.Partners in November 2021, followed by a $20M Series B in March 2023 with participation from Almanack Investment Partners. Other investors include IA Ventures, Alumni Ventures, BOLT, and Ludlow Ventures.
Point One has raised approximately $65M in total funding across all rounds.
Product
Point One Navigation provides a precise positioning stack that converts raw satellite signals into centimeter-accurate location data via a single API call. The platform consists of four integrated components.
The Polaris correction network includes over 2,000 professionally managed base stations across the US, Europe, UK, Japan, Korea, Australia, and New Zealand. These stations provide real-time GNSS corrections with 99.9% uptime, serving over 5 million daily correction sessions to approximately 350,000 active devices.
The positioning engine runs embedded sensor fusion software that combines dual or tri-band GNSS with IMU, wheel odometry, and map data in real time. This hardware-agnostic software adapts to different motion profiles including wearables, lawn mowers, drones, cars, and motorcycles, providing continuous positioning even when satellite signals are blocked in urban canyons or tunnels.
Point One's Location Cloud provides a GraphQL API that handles provisioning, credential management, billing, fleet telemetry, and real-time observability through map-based dashboards and WebSocket streams. Developers integrate via the API, and operations teams use the same web console for fleet management.
The Atlas INS reference hardware is a packaged unit with rugged, automotive-grade components including multi-frequency GNSS, ASIL-B IMU, dual-core ARM processor, and 100 Hz output through CAN and Ethernet interfaces.
Business Model
Point One uses a vertically integrated SaaS model that controls the entire positioning stack from satellite corrections to end-user APIs. The company owns and operates its base station infrastructure rather than relying on third-party correction services, to control reliability and service quality.
The go-to-market approach is primarily B2B, targeting OEMs and system integrators who embed precise positioning into their products. Point One sells directly to automotive manufacturers, robotics companies, and industrial equipment makers through enterprise sales cycles.
Revenue comes from monthly subscription fees based on device count and accuracy requirements. Pricing tiers include Virtual RTK at $42 per device monthly for 10cm accuracy, and True RTK at $125 monthly for 1-3cm precision. Enterprise customers typically negotiate volume discounts for large deployments.
Switching costs are high once customers integrate Point One's positioning engine into their products. Hardware reference designs and software licensing add revenue streams and increase dependency. The company's infrastructure investment raises barriers to entry and supports higher pricing compared to software-only competitors.
Point One's cost structure includes significant upfront capital expenditure for base station deployment and ongoing operational expenses for network maintenance. The infrastructure scales as more devices connect to existing base stations, improving unit economics over time.
Competition
Vertically integrated GNSS majors
Trimble is a key competitor with its CenterPoint RTX family that couples proprietary positioning engines with TDK IMUs and Qualcomm chipsets. Trimble offers centimeter-level accuracy with sub-minute convergence and automotive ASIL-B certification, with decades of relationships in agriculture, construction, and automotive markets. Their hardware-plus-service bundles enable bundle pricing and OEM integration.
Hexagon through its NovAtel division operates TerraStar-X RTK-from-the-Sky service delivering sub-lane accuracy via dual IP and L-band corrections. Their SmartNet network includes over 4,500 stations globally, larger than Point One's footprint. Partnerships with regional CORS operators provide earlier coverage in Asia and Europe where Point One has limited presence.
Chipset-driven pure plays
u-blox launched PointPerfect Live and Global services in 2025, extending worldwide coverage while integrating tightly with their ZED-X20P receivers. The pending $1.3B acquisition by Advent may provide capital to subsidize correction services and potentially undercut independent providers on price. Their chipset integration creates value for OEMs already using u-blox hardware.
Swift Navigation's Skylark hybrid network targets automotive safety-critical applications with ISO 26262 readiness and sub-10cm accuracy. Their tiered pricing and BeiDou support expand global market reach, while integration with their Starling positioning engine provides end-to-end solutions similar to Point One's approach.
Telco-backed RTK platforms
Verizon's Hyper Precise Location service bundles nationwide US RTK with 5G connectivity and edge computing through their Transportation Exchange platform. This integrated approach targets automotive OEMs seeking single-vendor solutions for connectivity and positioning. Other major carriers are developing similar offerings that could commoditize standalone correction services.
TAM Expansion
New products
Point One's September 2024 launch of Virtual RTK service expanded the addressable market by providing coverage in areas where traditional RTK base stations have poor line of sight. This state-space correction approach enables surveying, utilities, and remote agriculture applications that previously lacked access to centimeter-level positioning.
The 2025 introduction of Location Cloud API and standalone Positioning Engine software moves the company up stack from selling corrections to providing location-as-a-service platforms. These products enable indoor-outdoor handoff and human motion modeling, supporting use cases in wearables, first responder safety, and industrial augmented reality applications.
Reference system designs and module partnerships with companies like Quectel make Point One's intellectual property available inside mass-market GNSS modules. This approach lowers integration barriers for thousands of IoT OEMs and extends into lower-margin, higher-volume applications.
Customer base expansion
Integration with Auterion OS in September 2025 embeds Polaris corrections in ground and aerial robot fleets used for inspection, security, and delivery applications. This partnership provides access to commercial drone markets beyond traditional automotive and agriculture segments.
The March 2025 partnership with ProStar adds centimeter-level accuracy to underground utility mapping, addressing regulatory mandates for call-before-you-dig data accuracy. This infrastructure market represents expansion opportunities as utilities modernize aging asset records.
Agriculture is a growth area as the June 2025 Agra-GPS case study demonstrates Polaris replacing farmer-owned base stations. Millions of legacy tractors worldwide are being retrofitted for autosteer capabilities, creating demand for reliable correction services.
Geographic expansion
Point One's 2,000+ base stations provide dense coverage across North America, Europe, and select Asia-Pacific markets. The 2025 tower-sharing agreement with TOTEM and other European infrastructure providers supports expansion while reducing capital requirements.
Emerging markets in Latin America, Southeast Asia, and Africa represent opportunities as precision agriculture and autonomous systems adoption accelerates. Point One's software-defined approach allows rapid deployment compared to competitors requiring extensive local infrastructure partnerships.
Partnerships with regional system integrators and OEMs provide market entry paths without direct infrastructure investment. The company's hardware-agnostic positioning engine can work with local correction services while maintaining software revenue streams.
Risks
Competitive pressure: Major players like Trimble and u-blox have larger global footprints and deeper OEM relationships built over decades. As the precision positioning market expands, these incumbents may use scale and vertical integration to offer lower pricing or bundle positioning with other services, pressuring Point One's market share and pricing power.
Infrastructure costs: Point One's business model requires ongoing capital expenditure to maintain and expand its base station network across multiple continents. Unlike software-only competitors, the company must continuously invest in physical infrastructure, power systems, and connectivity, which could strain cash flow during rapid expansion phases or economic downturns.
Technology disruption: Advances in satellite-based corrections, synthetic aperture techniques, or alternative positioning technologies could reduce demand for ground-based RTK networks. If competitors deploy L-band or other space-based solutions that match RTK accuracy without requiring terrestrial infrastructure, Point One's capital-intensive network could become a competitive disadvantage rather than an advantage.
News
DISCLAIMERS
This report is for information purposes only and is not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. Nothing in this report constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal trade recommendation to you.
This research report has been prepared solely by Sacra and should not be considered a product of any person or entity that makes such report available, if any.
Information and opinions presented in the sections of the report were obtained or derived from sources Sacra believes are reliable, but Sacra makes no representation as to their accuracy or completeness. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Information, opinions and estimates contained in this report reflect a determination at its original date of publication by Sacra and are subject to change without notice.
Sacra accepts no liability for loss arising from the use of the material presented in this report, except that this exclusion of liability does not apply to the extent that liability arises under specific statutes or regulations applicable to Sacra. Sacra may have issued, and may in the future issue, other reports that are inconsistent with, and reach different conclusions from, the information presented in this report. Those reports reflect different assumptions, views and analytical methods of the analysts who prepared them and Sacra is under no obligation to ensure that such other reports are brought to the attention of any recipient of this report.
All rights reserved. All material presented in this report, unless specifically indicated otherwise is under copyright to Sacra. Sacra reserves any and all intellectual property rights in the report. All trademarks, service marks and logos used in this report are trademarks or service marks or registered trademarks or service marks of Sacra. Any modification, copying, displaying, distributing, transmitting, publishing, licensing, creating derivative works from, or selling any report is strictly prohibited. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, copied or distributed to any other party, without the prior express written permission of Sacra. Any unauthorized duplication, redistribution or disclosure of this report will result in prosecution.