Geodnet has been an unconventional industry company since its inception and that hasn’t changed with an $8 million funding round of GEOD tokens by Multicoin, a crypto investment firm. Geodnet, which originated in the DePIN crypto world of startups, has doubled its project tokens in past year as the company’s location services grow.
At CES last month, company co-founder Mike Horton said that the company has grown its worldwide RTK GNSS network of base stations from zero to nearly 14,000 in three years. While Horton and three other co-founders come from high-precision GNSS company backgrounds, one of the founders has deep roots in blockchain and crypto technology.
In other company news, DroneDeploy has partnered with Geodnet Foundation to allow DroneDeploy’s customers to have access to all 14,000 registered stations in the Geodnet network.
The access will give users access to drone survey, underground utility and documentation applications for construction, mining, energy and utilities. DroneDeploy said it would work with its customers to add additional Geodnet stations in areas with no coverage.
