Ifinity, a Warsaw, Poland-based company delivering complex implementations based on microlocation technology, is to receive a $12m investment.
Backers included SpeedUp Venture Capital Group, which will provide the funds in various tranches in the coming months. After the final payment, it will own 32% of shares.
The company will use the funds for further development, delivering subsequent implementations and R&D for solutions dedicated to business and smart cities, in which it recognizes future potential.
Led by Adam Jesionkiewicz, CEO, and Michał Polak, CTO, Ifinity specializes in complex implementations based on beacon technology including requirement assessment, installation and programming of the beacons, development of SDK and dedicated software applications. The company focuses on delivering B2B2C solutions (Business to Business to Consumer) in six main areas of business: cities and public administrations, parking spaces, education, healthcare, galleries and museums together with commercial spaces.
The services are based on beacon technology functionalities: microlocation, wayfinding and context & location awareness.
Ifinity has developed, in partnership with the Capital City of Warsaw, a pilot implementation project for microlocation and navigation systems in the Center for the Disabled. A system integrated with existing services available within the location was adapted to the requirements of visually impaired.
FinSMEs
17/08/2014