What is Oriient?
Oriient specializes in delivering highly accurate, software-only indoor location services. Their innovative approach utilizes the Earth's natural magnetic field, combined with sophisticated deep learning algorithms, to enable smartphone-based navigation without the need for any hardware installations. This cost-effective SaaS model is particularly suited for retail environments and smart buildings, aiming to enhance customer experiences and streamline operational efficiencies through actionable, data-driven insights. The company's technology boasts an impressive accuracy of up to 1 meter (3 feet), facilitating seamless navigation for end-users.
How much funding has Oriient raised?
Oriient has raised a total of $15M across 2 funding rounds:
Angel/Seed
$4M
Series A
$11M
Angel/Seed (2019): $4M, investors not publicly disclosed
Series A (2022): $11M led by OurCrowd, Regal Four, and F2 Ventures
Key Investors in Oriient
OurCrowd
OurCrowd is an Israeli-based investment platform that facilitates investments in startups and early-stage companies for accredited investors and institutions.
F2 Ventures
F2 Ventures is a venture capital firm focused on the healthcare sector, identifying arbitrage opportunities and investing in innovative biotech companies at critical stages.
Regal Four
Regal Four is an investor participating in Oriient's funding rounds, contributing to the company's growth and strategic objectives.
What's next for Oriient?
With the recent influx of major strategic investment, Oriient is poised for significant growth and expansion. The enterprise-level capital infusion suggests a focus on scaling operations, enhancing its technological capabilities, and broadening its market reach within the retail and smart building sectors. This strategic backing will likely enable Oriient to further refine its deep learning models and solidify its position as a leader in accurate, hardware-free indoor navigation solutions. Future developments may include deeper integration with existing building management systems and enhanced data analytics for clients.
See full Oriient company page
