Humatics
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $4.1m | Convertible | |
$18.1m | Series A | ||
* | $28.0m | Series A | |
$30.0m | Series B | ||
Total Funding | CAD109m |
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EditHumatics is a cutting-edge technology company that specializes in creating precise location and navigation data for environments where such capabilities are currently lacking. The company operates across various sectors including manufacturing, transportation, robotics, and surgical applications. By providing high-fidelity location and navigation data, Humatics aims to enhance the efficiency and productivity of mission-critical systems.
The company's primary clients include large-scale transit systems like the New York MTA, manufacturing plants, robotics companies, and healthcare facilities. Humatics' technology is particularly valuable in complex environments where traditional GPS systems are ineffective or unavailable. For instance, their Rail Navigation System has been successfully deployed by the New York MTA to increase transit capacity, improve system availability, and reduce maintenance costs.
Humatics operates in the broader market of industrial automation and smart infrastructure. Their business model revolves around selling advanced location and navigation systems, which include both hardware components and software algorithms. These systems are designed to be easy to install and maintain, thereby reducing operational disruptions and costs for their clients.
Revenue is generated through the sale of these systems, as well as through ongoing maintenance and support services. By offering a combination of high-quality components and advanced algorithms, Humatics ensures that their clients achieve significant operational improvements and cost savings.
In summary, Humatics is revolutionizing the way industries locate, navigate, and collaborate by providing precise, reliable, and easy-to-maintain location and navigation solutions.
Keywords: Microlocation, Navigation, Manufacturing, Transportation, Robotics, Surgical, Efficiency, Productivity, Transit Systems, Industrial Automation.