Naventik developed PATHFINDER, a software-based global navigation satellite system (GNSS) for cars after a six-year research and development process at the Technical University of Chemnitz. The PATHFINDER solution interacts with diverse in-car sensor systems in real time to provide a certain level of security. The company was founded in 2017 and is based in Chemnitz, Germany. Naventik has signed international collaborations with Volkswagen, Nvidia, Deutsche Bahn and IAV. It intends to use new funding to strengthen global marketing and partnerships and to develop its human resources. The company raised €2.0m in funding to support these plans.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2018