Navigine

Navigine is a technology company specializing in integrated indoor navigation and wayfinding solutions, offering precise tracking and navigation for various sectors such as retail and healthcare. Founded in 2011 and headquartered in New York, US, Navigine provides advanced indoor navigation solutions. The company has successfully executed 5 deals, with the latest funding round being a Seed round raised in August 2017, where they secured USD 0. 9 mn led by Innovestor.

CEO Alexey Panyov leads the company, which has seen consistent growth since its inception. Navigine specializes in providing an integrated indoor navigation and wayfinding platform designed for a variety of applications across different industries. Their core offerings include advanced indoor positioning solutions that enable precise tracking and navigation within complex environments, such as hospitals, shopping malls, and warehouses. The platform supports seamless integration with various hardware, enhancing the user experience through features like location-based services, QR-based navigation, and geo-based marketing.

Notably, Navigine's technology is operational in over 3,000 client installations and is utilized in more than 500 mobile and web applications worldwide, catering to markets in North America, Europe, and Asia. Key customer segments include retailers, healthcare providers, logistics companies, and real estate developers, who utilize Navigine's solutions to improve operational efficiency and enhance customer engagement. Navigine's revenue model is structured around providing subscription-based access to its indoor navigation platform and associated services. The company engages in direct partnerships with businesses across various sectors, offering tailored solutions that meet specific client needs.

Revenue is generated through the deployment of their flagship products, such as the Navigine Platform and SDKs, which allow clients to customize their navigation experiences. Additionally, partnerships with companies like MOKO SMART and KONTAKT. io facilitate collaborative solutions that enhance Navigine's service offerings. The transaction structure typically involves long-term contracts for software licensing, with ongoing support and updates provided as part of service agreements, ensuring continuous client engagement and satisfaction.

Navigine plans to leverage the USD 0. 9 mn raised in its latest funding round to enhance its product offerings and expand into new markets. The company is currently designing new features for its platform aimed at improving user experience and expanding its reach in North America and Europe by 2020. In addition to these enhancements, Navigine will focus on increasing its market presence through strategic partnerships and further integration with emerging technologies.