Polaris Wireless, Inc.
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Polaris Wireless, Inc. - overview
Established
1999
Location
Mountain View, CA, US
Primary Industry
Software
About
Polaris Wireless, Inc. specializes in high-accuracy, software-based mobile location solutions. Their innovative technologies deliver precise vertical and horizontal location data, enhancing safety and operational efficiency across various sectors. Founded in 1999, Polaris Wireless, Inc.
is based in Mountain View, US. The company focuses on providing advanced mobile location solutions, including their flagship 3D Location Platform. In May 2013, Polaris Wireless completed a Sale to Management for USD 40. 00 mn after raising USD 10.
00 mn in Series C funding. CEO Manlio Allegra leads the company, which has engaged in four funding deals to date. Polaris Wireless specializes in high-accuracy, software-based 3D mobile location solutions, leveraging over two decades of innovation to provide precise location services that meet the evolving demands of public safety, healthcare, hospitality, and critical infrastructure sectors. Their flagship product, the 3D Location Platform, utilizes advanced algorithms to deliver accurate vertical (z-axis) location information within multi-story buildings, achieving precision within 2.
8 meters. This technology is particularly valuable for emergency services, enabling first responders to quickly identify the location of individuals in distress within complex environments. The company also offers the OmniLocate LBS/IoT technology, designed for seamless integration into various mobile devices, enhancing operational efficiency and location accuracy across a range of industries. Polaris Wireless operates globally, providing its services across North America, Europe, and Asia-Pacific regions, catering to a diverse clientele including mobile network operators and public safety organizations.
Polaris Wireless generates revenue through a combination of partnerships and direct business-to-business transactions, primarily focusing on licensing their proprietary location technology to mobile operators and device manufacturers. The company engages in contractual agreements that allow clients to integrate the 3D Location Platform and other technologies into their existing systems, which facilitates enhanced location-based services. Revenue models may include subscription fees for ongoing access to software updates and support, as well as one-time licensing fees for initial technology deployment. Given their industry focus, transactions often involve multi-year contracts with public safety agencies and other enterprises that prioritize location accuracy for operational effectiveness.
The collaboration with Qualcomm Technologies further enhances their service offerings, positioning Polaris Wireless as a key player in the emergency location services market. Polaris Wireless plans to leverage its recent funding to develop new products that enhance their location technology offerings. The company aims to expand its services into additional markets, particularly within Europe and Asia, by 2025. The USD 10.
00 mn raised in Series C funding from Industry Ventures in May 2013 is intended to support these initiatives, focusing on product development and market penetration.
Current Investors
Draper Fisher Jurvetson, Palisades Growth Capital, Industry Ventures
Primary Industry
Software
Sub Industries
Monitoring & Security Software
Website
www.polariswireless.com
Total Amount Raised
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