Geodnet operates a decentralized physical infrastructure network (DePIN) that delivers centimeter-level location data as an alternative to GPS. The network comprises nearly 14,000 base stations that provide hyper-accurate mapping data used by farming drones, industrial robots and other robotics applications. Geodnet incentivizes individuals to deploy and operate base stations—anyone running a $700 base station earns GEOD tokens—shifting deployment costs away from the company. The project says it built in two years what the industry had been working on for 20 years and now has twice as many stations as anyone else. Existing customers are powering over $3 million in annual recurring revenue. Management is targeting 2025 growth in India and South America, particularly in the farming sector, and plans to focus the new capital on robots and drones. GEODNET operates a blockchain-governed global Real-Time Kinematic (RTK) network that delivers centimeter-level location accuracy, a 100x improvement over standalone GPS. The network has grown to over 5,000 GPS/GNSS reference stations, with an additional 2,000 stations in delivery and installation. GEODNET's RTK data complements on-device sensors such as cameras, LiDAR, and IMUs to power AI-based autonomous systems and intelligent autonomy services. The Foundation reports more than a dozen commercial partnerships for paid data usage across agriculture, drones, consumer robotics, PPP services, automotive PPP-RTK, and Low Earth Orbit satellite tracking. Near-term plans include further decentralization of the protocol and improving developer accessibility. The Foundation has announced fresh strategic capital to support these objectives and its commercial pipeline. GEODNET operates a Web3, decentralized physical infrastructure network (DePIN) that provides global RTK GNSS correction streams to enable centimeter-level positioning. Anybody can install and operate a reference station called a Satellite Miner to deliver RTK corrections within roughly 20–40 kilometers and earn GEOD tokens. The network already has over 4,000 registered reference stations in 2,500+ cities across 120+ countries and the company reports more than $500k in ARR. GEODNET aims to provide affordable GPS augmentation and raw GNSS reference streams to power use cases that require precise localization. Target industries include drones, smart mowers, ADAS and self-driving cars, agriculture, consumer robots, and augmented/virtual reality, with the network intended to complement on-device sensors like cameras, LiDAR and IMUs. The project is governed by the GEODNET Foundation and is led by founder Mike Horton, who previously founded Crossbow Technology and is co‑founder and CTO of ANELLO Photonics. GEODNET operates a decentralized Geo-Spatial Reference Network composed of high-precision multi-band GNSS base stations that deliver reliable centimeter location accuracy for drones, robotic vehicles, augmented reality, and IoT/mobile devices. Since its official launch in early 2022, the real-time GEODNET network has grown to over 3,000 reference stations and is present on every major continent. Station data from GEODNET is actively used by companies such as Hemisphere GNSS, Quectel Wireless Solutions, and Rock Robotic. Station owners run Satellite Mining stations and are rewarded in the project’s native Polygon token, GEOD. The GEODNET Foundation manages the open network protocol and promotes service adoption within the traditional GNSS and IoT industries. The project combines AI, IoT, and blockchain to enable a new class of distributed cryptographic sensor networks and targets developer ecosystems for both enterprise and consumer applications.

Total raised

$15M

Funding rounds

4

Latest round

Equity

Latest activity

Feb 2025