About CarteNav
CarteNav is a company based in Halifax (Canada) founded in 2002 was acquired by Exchange Income Corporation in August 2016. CarteNav has raised $1.4 million across 2 funding rounds from investors including Lockheed Martin, Exchange Income Corporation and PAL Aerospace. The company has 55 employees. CarteNav operates in a competitive market with competitors including Anduril, Hensoldt, Serco, Cubic and ST Engineering, among others.
- Headquarter Halifax, Canada
- Employees 55
- SectorsAerospace, Defense & Maritime
- Website cartenav.com
- Social LinkedIn X Facebook
- Acquired by Exchange Income Corporation (Aug 2016)
- Total Equity Funding$1.4M (USD)
in 2 rounds
- Latest Funding Round$1.4M (USD), Series A
Nov 2016
- InvestorsLockheed Martin
& 3 more
- Employee Count55
- Acquired byExchange Income Corporation
(Aug 2016)
Funding Insights of CarteNav
CarteNav has successfully raised a total of $1.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.4 million completed in November 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.4M
- Total Rounds 2
- Last Round Series A — $1.4M
- First Round $2.09M
(Jun 2012)
- Investors Count 2
All 2 funding rounds of CarteNav with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2016 | $1.4M | Series A | – | – | |
| Jun 2012 | $2.09M | Grant | – | – |
4 investors in total: 4 institutional.
Investors in CarteNav
CarteNav has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Lockheed Martin, Exchange Income Corporation and PAL Aerospace.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufacturer of global security and defense airplanes | 1912 | lockheedmartin.com | United States | |
Economic development in Atlantic Canada is supported by federal initiatives. | – | acoa-apeca.gc.ca | Moncton, Canada | |
Diversified acquisition-oriented dividend company in aerospace and manufacturing | 2002 | exchangeincomecorp.ca | Winnipeg, Canada | |
Aerospace and defence company focused on intelligence, surveillance, and reconnaissance solutions | 1972 | palaerospace.com | St. John's, Canada |
Investor details for CarteNav
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of CarteNav
4 dated milestones of CarteNav across 14 years, from founding to its latest funding, stage changes and deals.
- Founded CarteNav is founded.
- Funding First funding round of $2.1M.
- Exit Acquired by Exchange Income Corporation.
- Funding Latest funding round, Series A, of $1.4M.
Competitors of CarteNav
CarteNav operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anduril, Hensoldt, Serco, Cubic and ST Engineering, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| anduril.com | 2017 | Orange, United States | $6.26B | 2,193 | Provider of AI-based drone surveillance solutions for defense and maritime sector | |
| hensoldt.net | 2017 | Taufkirchen, Germany | – | 6,316 | Developer of integrated air surveillance radar for the military and defence industry | |
| serco.com | 1929 | Hook, United Kingdom | – | 2,000 | Provider of public services to government | |
| cubic.com | 1951 | San Diego, United States | – | 2,807 | Integrated solutions are provided for transportation and defense sectors. | |
| stengg.com | 1967 | Singapore | – | 15 | SaaS-based solutions for rail fleet operations management are developed. | |
| adtl.co.in | 2003 | Bengaluru, India | $5.5M | 631 | Diversified non-combat systems for defense industries are developed. | |
| pacific-defense.com | 2019 | El Segundo, United States | – | – | Integrated C4ISR and EW solutions are provided for defense applications. | |
| arquimea.com | 2005 | Madrid, Spain | – | – | Provider of engineering, manufacturing, and research and development services to industries |
Detailed competitors of CarteNav
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CarteNav
The website of CarteNav (cartenav.com) receives about 3.9K visits a month.
- Monthly visits3.9K
▼ 6.8% vs previous month
Latest news on Cartenav
Complete news archive for CarteNav
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to CarteNav
10 companies that operate in the same segment as CarteNav (Defense & Military Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 2,193 | |
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 24.09 M | 595 | |
Professional drones and software solutions are manufactured for specialized applications. | 1994 | Paris, France | – | USD 93.74 M | 395 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 49.3 M | USD 12.94 M | 130 | |
Defense and aerospace systems are manufactured and developed by RTX. | 1922 | United States | – | USD 88.6 B | 186,000 | |
Autonomous drones and AI pilots for fighter jets are developed. | 2015 | San Diego, California, United States | USD 3.17 B | – | 641 | |
Developer of small unmanned aerial systems | 2015 | Gilching, Bayern, Germany | USD 1.82 B | USD 39.45 M | 108 | |
Commercial aircraft, helicopters, satellites, and launch vehicles are manufactured. | 1969 | Toulouse, Occitanie, France | – | USD 86.27 B | 156,920 | |
CMOS-based image sensors are developed for autonomous vision applications. | 2017 | Israel | USD 96 M | – | – |
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Frequently Asked Questions about CarteNav
CarteNav was founded in 2002 and raised its 1st funding round 10 years after it was founded.
CarteNav is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
CarteNav is a funded company, having raised a total of $1.4M across 2 funding rounds to date. The company's 1st funding round was a Grant of $2.09M, raised on Jun 2012.
CarteNav has 55 employees.
CarteNav was founded in 2002 in Halifax, Canada, within the defense and aerospace sector. ISR mission software is developed to address varied operational requirements across platforms and sensors. Adaptable, multi-role solutions are provided for integration, sensor interfacing, and data management. Global support is offered through a network that handles assistance and training. Operations are focused on situational awareness and process efficiency in mission environments.
CarteNav's top competitors include Anduril, Hensoldt and ST Engineering.
CarteNav has 4 investors. Key investors include Lockheed Martin, Exchange Income Corporation, PAL Aerospace, and Atlantic Canada Opportunities Agency.
Yes. CarteNav was acquired by Exchange Income Corporation in August 2016.