Geoflex, a recognized player in hypergeolocation by satellites supported by the French
Space Agency CNES, is accelerating its development with a €6 million series A financing,
and welcomes Bouygues, Stellantis Ventures and Thales to its capital alongside Demeter
IM, its historical investor.
Throughout this new funding round, Geoflex confirms its ambition to become a key world
player in the field of New Mobilities, Construction 4.0, and Newspace.
Geoflex, a pioneer in hypergeolocation services by satellites, has successfully completed a new
financing round of €6 million to accelerate its commercial developments and strengthen its production
facilities, having demonstrated in various environmentsits technological capabilities based on the PPPCNES©/Geoflex technology (PPP standing for Precise Point Positioning).
This financing round was carried out with the decisive support of Bouygues (Bouygues Telecom, Colas
and Bouygues Construction), Stellantis and Thales, acting through their respective corporate venture
entities, joining Demeter IM that has been a shareholder in the company since 2018.
The investment in Geoflex by these three major global groups with leadership positions in their
markets illustrates the strategic importance of the Geoflex’solutions at the heart of today’s challenges:
new mobility, environment, technological disruptive changes, and cyber security.
In fact, the hypergeolocation developed by Geoflex makes it possible to promote:
• The emergence of new mobilities in the field of transportation:
o Road for location-based services, lane level navigation, information sharing between
vehicles, pedestrian, and infrastructure (V2X), better driving assistance systems,
autonomous driving, etc. ;
o Rail for better passenger information, driving assistance services, precise and safe
positioning on board the trains to drastically lighten the ground infrastructure used for
train localization, enable moving block circulation, etc. ;
o Or airborne for air traffic control of drones, flying taxis (VTOL), etc. ;
The development of precision agriculture for hypergeolocated spreading of plant protection
products, mechanical treatment of weeds, etc. ;
• The dronification of activities with a special focus on robotics for construction or last-mile
delivery, etc. ;
• The correct positioning of people and objects (Internet of Things/Positioning of Things), in
complete safety, with harmonious interactions ;
• Accurate and reliable positioning, resistant to jamming and spoofing, to certify data or actions
for double authentication through accurate positioning and time stamping, traceability of field
operations, etc.
After numerous proofs of concept, top awards all over the world (CES Award in 2019 and 2022, Dubai
World Challenge for Self-Driving Transportation, Spring 50 Paris-Saclay, Software République, etc.),
and integration assistance programs with recognized players (Loc4Rail with SNCF French Railways etc.),
Geoflex is now structuring its activitiesto become the world leader in satellite-based hypergeolocation.
By offering precision, safety, continuity of operation, and resilience to jamming and spoofing, Geoflex
augments GNSS (Global Navigation Satellites Systems – American GPS, Russian GLONASS, Chinese
BEIDOU, and European GALILEO), in a very simple and accessible way, for the benefit of all applicative
or technological integrators. Geoflex broadcasts a standardized GNSS corrections data stream usable
by all GNSS receivers, regardless of their brand.
Today, Geoflex is the only GNSS augmentation service operator, neutral and agnostic of downstream
application chains, capable of augmenting the GNSS accuracy from few meters down to few
centimeters, anywhere in the world, on land, at sea and in the air, up to 25,000 km of altitude. The
Geoflex solutions enable real-time and post-processing precise positioning of any objects, directly on
the objects in the field, or in the Cloud, correcting the measurements of all GNSS receivers to augment
their positioning and timing accuracy.
This capability is based on the PPP-CNES©/Geoflex technology, a unique and patented core technology
developed by CNES since more than 12 years, strengthened, industrialized and operated by Geoflex
that commercialize it on various downstream markets via subscriptions.
This fundraising will enable Geoflex to consolidate its technological and industrial assets in order to
deliver its solutions to its integrators and to develop its customer base worldwide.
About Geoflex (www.geoflex.xyz)
Geoflex is operator of new GNSS augmentation services (Global Navigation Satellite Systems – GPS,
GLONASS, BEIDOU and GALILEO) based on a disruptive technology developed by CNES (The French
Space Agency), allowing absolute positioning down to 4 cm, in real time, anywhere in the world, on
land, at sea and in the air up to 25,000 km of altitude, in a very simple way, with only one receiver and
without the need for a permanent GNSS station nearby the end user. Accuracy, integrity, continuity of
operation and resilience for location and time stamping are key elements to digitize the real world
(geospatial) as a support for the automation of activities such as transport (road, rail, sea and river,
air), smart cities (construction) and precision agriculture.
Press contact : ethelgabillon@lasuitedanslesidees-rp.fr
About Bouygues
Bouygues is a diversified services group operating in over 80 countries with 196,000 employees all
working to make life better every day. Its business activities in construction (Bouygues Construction,
Bouygues Immobilier, Colas), energies & services (Equans), media (TF1) and telecoms (Bouygues
Telecom) are able to drive growth since they all satisfy constantly changing and essential needs.
Press contact: presse@bouygues.com
About Thales
Thales is a global leader in advanced technologies, investing in digital and “deep tech” innovations –
connectivity, big data, artificial intelligence, cybersecurity and quantum technologies – to build a
confident future crucial for the development of our societies. The Group provides its customers –
businesses, organizations and governments – in the defense, aeronautics, space, transport, and digital
identity and security domains with solutions, services and products that help them fulfil their critical
role, consideration for the individual being the driving force behind all decisions.
Thales has 77,000 employees in 68 countries. In 2022, the Group generated sales of €17.6 billion.
Press contact: philomene.emptaz@thalesgroup.com
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s
leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their
visionary founders and today’s customers in their innovative products and services, including Abarth,
Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot,
Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves –
aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating
added value for all stakeholders as well as the communities in which it operates.
Source link:https://www.bouygues.com/
