DCVC funds the advancement of the NewSpace startup’s alternative global positioning service.
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– TrustPoint, Inc., a startup with operations in Silicon Valley and Northern Virginia, announces that it has raised a $2M seed round from DCVC.
GPS is a ubiquitous global utility: knowing one’s location and accurate time is critical for government, commercial, and consumer applications. Still, today’s solutions are inaccurate, slow, unencrypted, and susceptible to jamming and spoofing. These shortcomings make heritage GPS and other government-owned and -operated systems insufficient for tomorrow’s safety-critical and high-precision commercial applications, such as drone delivery, self-driving cars, urban air mobility, and augmented reality.(more…)