Nestwave provides low-power geolocation IP and cloud services purpose-built for Internet of Things (IoT) applications, using hybrid GNSS and cellular positioning technologies. Its DSP software enables IoT modem and wireless MCU chipmakers to integrate accurate positioning for LTE Cat M1, NB‑IoT, LoRa and Sigfox platforms without a dedicated positioning chipset. The solution significantly reduces power consumption compared with traditional GNSS offerings, improves accuracy in urban canyon environments and increases indoor coverage. Nestwave’s technology is supported by more than 10 patents issued and pending. The company says the new capital will accelerate technology innovation, product development and commercial deployment of its positioning solutions. Nestwave is based in Paris, France. Nestwave develops a DSP software GNSS solution that enables modem providers in the IoT market (LTE Cat M1, NB-IoT, LoRa, Sigfox) to offer accurate, integrated geolocation. The technology is built on 10 issued and pending patents and is designed to improve accuracy in urban canyon environments, increase indoor coverage, and reduce power consumption versus existing solutions. The company targets integration within modem platforms to deliver location services for IoT applications. Nestwave plans to use new funding to carry out its product innovation strategy, accelerate development and intensify commercial deployment. Founded in 2014 by Rabih Chrabieh and based in Paris, France, the company is focused on scaling its commercial footprint in target IoT markets. The article does not report operating metrics such as revenue or user counts.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2021