About GiPStech
GiPStech is a company based in Rende (Italy) founded in 2013.. GiPStech has raised $727.21 thousand across 5 funding rounds from investors including European Union, EIC Fund and Italian Angels for Growth. GiPStech offers products and services including Indoor Localization, Indoor Navigation, User Tracking, and Behavior Analytics. GiPStech operates in a competitive market with competitors including Navenio, Topcon Positioning, Inertial Labs, MazeMap and Waymap, among others.
- Headquarter Rende, Italy
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Sectors
RetailTechnology Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Gipstech Srl
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$727.21 K (USD)
in 5 rounds
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Latest Funding Round
$54.64 K (USD), Grant
Feb 29, 2016
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Investors
European Union
& 4 more
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Employee Count
Employee Count
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Products & Services of GiPStech
GiPStech offers a comprehensive portfolio of products and services, including Indoor Localization, Indoor Navigation, User Tracking, and Behavior Analytics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers precise indoor positioning using sensor fusion technology.
Enables smartphone-based turn-by-turn navigation indoors.
Tracks user movements for real-world behavioral insights.
Gathers and analyzes indoor user data for business intelligence.
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Software Development Team
2 people
co Team
2 people
Leadership Team
1 people
Partner Team
1 people
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Funding Insights of GiPStech
GiPStech has successfully raised a total of $727.21K across 5 strategic funding rounds. The most recent funding activity was a Grant round of $54.64 thousand completed in February 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 Total Funding
- Total Rounds 5
- Last Round Grant — $54,641
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2016 | Amount | Grant - GiPStech | Valuation |
investors |
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| Sep, 2015 | Amount | Seed - GiPStech | Valuation | Italian Angels for Growth , Embed Capital |
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| Sep, 2015 | Amount | Grant - GiPStech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GiPStech
GiPStech has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, EIC Fund and Italian Angels for Growth. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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A network of business angels is formed to support innovative startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GiPStech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GiPStech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gipstech Comparisons
Competitors of GiPStech
GiPStech 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 Navenio, Topcon Positioning, Inertial Labs, MazeMap and Waymap, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sensor-based location monitoring systems are provided for healthcare workforce.
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| domain | founded_year | HQ Location |
Provides precision positioning systems for infrastructure and farming sectors.
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| domain | founded_year | HQ Location |
Inertial navigation systems are supplied for positioning and tracking solutions.
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| domain | founded_year | HQ Location |
Indoor positioning and navigation systems are provided for buildings.
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| domain | founded_year | HQ Location |
Navigation support is offered indoors and outdoors via smartphone sensors.
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| domain | founded_year | HQ Location |
Location tracking solutions are provided for devices using signal detection.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gipstech
Frequently Asked Questions about GiPStech
When was GiPStech founded?
GiPStech was founded in 2013.
Where is GiPStech located?
GiPStech is headquartered in Rende, Italy. It is registered at Rende, Calabria, Italy.
Is GiPStech a funded company?
GiPStech is a funded company, having raised a total of $727.21K across 5 funding rounds to date. The company's 1st funding round was a Grant of $56.47K, raised on Jun 01, 2013.
What does GiPStech do?
GiPStech was founded in 2013 in Rende, Italy, within the geo-based technology sector. Indoor location services are delivered through an algorithm that leverages geomagnetic field anomalies for precise tracking of objects and users in enclosed spaces. No dedicated infrastructure is required, and standard smartphones are used for initial mapping as well as ongoing positioning operations. The focus remains on enabling reliable indoor navigation across various applications.
Who are the top competitors of GiPStech?
GiPStech's top competitors include Inertial Labs, Navenio and Rx Networks.
What products or services does GiPStech offer?
GiPStech offers Indoor Localization, Indoor Navigation, User Tracking, and Behavior Analytics.
Who are GiPStech's investors?
GiPStech has 5 investors. Key investors include European Union, EIC Fund, Italian Angels for Growth, Embed Capital, and Aribea.