Track record and information for investors
Precision Navigation Systems was founded and invested by Startup Wise Guys in 2018. The founders of the company figured out a strategy that focused on the following areas:
- credibility (gain trust among the B2B/B2G sector as a team coming from Russia);
- research: tests and pilots with the incoming leads, customer development, customer discovery activities (form a product strategy and a business model);
- awareness (spread the word about the technology to support the abovementioned areas and gain leads for customer development).
Key events and milestones
2018:
- Graduated from Startup Wise Guys Accelerator (B2B SaaS, Batch 10).
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The team took part and won the Take Off Istanbul Competition (nomination: Logistics, Space Technology and Defence) at International Startup Summit at Teknofest.
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Galileo Masters 2018: Became a regional winner of European Satellite Navigation Challenge 2018 in Estonia.
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Galileo Masters 2018: 3rd best idea of ESNC European GNSS Agency Special Prize 2018 (WHEN AND WHERE? – EXACT TIMING AND POSITIONING MATTERS! — the most innovative PNT downstream application leveraging EGNSS differentiators).
2019:
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PRNS OÜ is among the TOP-6 Startup Day Festival pitches.
- Entered European Space Agency Business Incubation Centre in Estonia.
- TOP-10 companies in the Startup Lighthouse program.
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The winner of TechChill’s 50 Founders Battle.
- The winner of the regional Startup World Cup final.
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Out of 4500+ applications worldwide we got into Hello Tomorrow Top 500 deep-tech startups. And then advanced to TOP-6 Global Finalists in the New Mobility track.
- TOP-10 at Ajujaht competition.
- Launched a new product — Stargate RTK.
- TOP-5 startups at Point.IoT.
- Winner of ESA BIC Challenge at Paris Space Week
- Stargate RTK got first revenues.