“We’ve got an increased threat from foreign adversaries who have shown capabilities to jam, to destroy, to spoof the signals of GPS, which is scary,” Shaun Moore, CEO and co-founder of Tern AI, a startup that wants to provide an alternative to GPS, told TechCrunch.
The current system works by having GPS receivers in cars or phones pick up signals from satellites orbiting the earth.
The GPS receivers then use the time it took for each signal to travel to calculate the distance to each satellite.
“GPS technology has not meaningfully changed in 50 years, and what we’re seeing put forth as solutions to resolve or mitigate risk are just marginal improvements.
“When we first met Tern AI, what stood out the most was how differentiated and scalable their approach was to solving a critical problem in national security,” said Stephen DiBartolomeo, principal at Scout Ventures.
A few years ago, setting up shop in Europe was the soup du jour for North American VCs.
North American VCs, understandably, want a piece of that market, but setting up a successful, long-term strategy in the region hasn’t proved easy.
The European startup market comes with nuances that make it a difficult one for North American investors.
It’s no wonder then that North American investors have struggled to find a secure footing as they try to straddle the Atlantic.
The American guys will enter anyway at the Series A or B.”Reason to keep tryingDespite all those challenges, though, North American firms are still trying to plant roots in the region.
Today, the company unveiled its new generation of GPS device, Tack GPS Plus, at the Consumer Electronics Show (CES) 2024.
The company claims Tack GPS Plus reduces search time in high-rise cities by offering vertical distance and geographical coordinates.
The Tack GPS Plus can be widely used by parents, caregivers, pet owners, and more.
Tack GPS Plus follows the company’s second product, a palm-sized autonomous flood-detection device called Tack EVO FloodFinder.
Tack GPS Plus is now available on the company’s official website and will then be sold on Amazon, Lazada, and Shopee around mid-January.
Despite raising over $70 million from over 200 investors in 2017, Vibe Capital founder Ankur Nagpal is shrinking the fund side of the company by roughly 43%. The move, which…
