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Sunday, June 26, 2022

EU Gives IndoorAtlas €2.2 Mln

Finnish indoor positioning firm IndoorAtlas has received 2.2 million euros grant from the EU.

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Founded in 2012, IndoorAtlas uses the compass sensor in smartphones to detect anomalies in the Earth’s magnetic field to pinpoint a location indoors with their patented solution.

Thanks to its sub-two meters positioning accuracy and a platform that support both Android and iOS, the company empowers developers to create mobile applications for indoor venues, such as location-based services or proximity advertising.

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