Tern AI raised $4.4 million in a seed round led by Scout Ventures, Shadow Capital, Bravo Victor VC, and Veteran Fund to provide a low-cost navigation alternative to GPS.
Tern AI raised $4.4 million in a seed round led by Scout Ventures, Shadow Capital, Bravo Victor VC, and Veteran Fund to provide a low-cost navigation alternative to GPS.
06/12/24, 7:05 PM
Location
austinMoney raised
$4.4 million
Industry
satellite communication
navigation
artificial intelligence
Round Type
seed
Investors
Veteran Fund, Bravo Victor Vc, Shadow Capital, Scout Ventures
Tern AI, a startup that aims to provide an alternative to GPS, has raised a $4.4 million seed round from Scout Ventures, Shadow Capital, Bravo Victor VC, and Veteran Fund. The company has developed an Independently Derived Positioning System (IDPS) that can recognize position without relying on satellite signals.
Company Info
Location
austin, texas, united states
Additional Info
Tern AI is a startup focused on providing an alternative to GPS, aiming to reduce reliance on GPS by offering a low-cost navigation alternative. The company's technology, Independently Derived Positioning System (IDPS), uses AI to parse through sensor data from vehicles and smartphones to provide a consistent and precise position without relying on satellite signals.