Milan, Sept. 1, 2015 – IAG and Embed Capital are supporting GiPStech with a second seed round.
Members of Italian Angels for Growth (IAG) together with Embed Capital have invested 400,000 euros in GiPStech, a startup that has developed a solution for indoor localization, i.e., to enable cost-effective and accurate indoor localization in enclosed environments not reached by GPS, using a simple smartphone.
“We complete our investment on the strength of the positive feedback we are receiving from potential customers, among the most advanced technology companies in the world, who testify that GiPStech has succeeded with capital 20 times less than competitors to develop the best technology in the market today.”
“IAG and Embed are confirmed to be among the Italian companies most attentive to investing in innovative technologies, and thanks to their commitment we will be able to respond with the right resources to the strong interest being shown by many large players, especially foreign but also domestic, who are in these weeks testing our solution to implement it in the mass-market or to provide us with additional resources.”
