TrustPoint

TrustPoint

TrustPoint is developing a set of cutting edge position, navigation and timing solutions to help augment the existing US GPS system, increasing its reliability, security, availability and accuracy. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues1.1m2.2m2.6m
% growth-110 %18 %
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DateInvestorsAmountRound
-

N/A

-

$2.0m

Seed

N/A

Seed

N/A

-

$200k

Convertible
Total Funding$2.2m

Recent News about TrustPoint

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More about TrustPointinfo icon
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TrustPoint GPS is a startup that aims to revolutionize the Global Navigation Satellite System (GNSS) market. The company is developing a next-generation GNSS that is fully commercial and offers significant improvements in performance, security, and reliability for GPS users. The current GPS systems are often inaccurate, slow, unencrypted, and susceptible to jamming and spoofing. TrustPoint's solution aims to overcome these challenges, making it suitable for high-precision and safety-critical applications.

The company's target market includes government, commercial, and consumer sectors that rely heavily on accurate location and timing services. These include emerging industries such as drone delivery, self-driving cars, urban air mobility, and augmented reality. TrustPoint's business model is based on providing these sectors with a more reliable and secure GPS service, thereby reducing the potential economic impact of GPS service loss, which is estimated to be $1 billion per day.

TrustPoint's revenue generation strategy is likely to be based on a subscription model, where users pay for access to their advanced GNSS services. The company's unique selling proposition is its microsatellite-based commercial infrastructure and innovative positioning and timing services, which offer better accuracy, quicker Time to First Fix, and anti-spoof and anti-jam capabilities.

In summary, TrustPoint GPS is a promising startup that is poised to disrupt the GNSS market with its advanced and secure GPS services. The company's focus on emerging industries and its commitment to improving GPS reliability and security make it a potential game-changer in the sector.

Keywords: TrustPoint GPS, Global Navigation Satellite System, GPS, microsatellite, positioning and timing services, drone delivery, self-driving cars, urban air mobility, augmented reality, GNSS market disruption.