Mimiq develops a high-performance GPS tracking solution that utilizes patented fabrication methods to achieve precise location accuracy in a compact card-sized device, functioning effectively both indoors and outdoors. The technology enables users to monitor and manage assets in real-time, significantly reducing tracking costs by 75% while providing reliable coverage in challenging environments like rural areas and shipping ports.
Funding
$800K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing GPS tracking solutions often struggle to provide accurate location data indoors or in challenging environments like shipping ports and rural areas, leading to unreliable asset monitoring and increased operational costs. Current tracking methods can also be expensive, limiting their accessibility for businesses with tight budgets.
Solution
Mimiq offers a high-performance asset tracking solution that utilizes patented fabrication methods to deliver precise location accuracy both indoors and outdoors. The core of the system is a compact, card-sized tracking device that leverages a 5th generation IoT platform for enhanced reliability and wider coverage. Mimiq's technology extends beyond traditional GPS, providing accurate tracking in environments where conventional solutions falter. By increasing visibility on all assets, Mimiq enables businesses to monitor and manage their assets in real-time, reduce loss, and optimize logistics. The system's extended range and robust performance in challenging environments ensure consistent tracking, leading to more efficient operations and reduced operational expenses.
Target Audience
The primary target audience includes businesses across various industries, such as logistics, supply chain, and transportation, that require reliable and cost-effective asset tracking solutions.
Features
- Compact, card-sized form factor for easy attachment to various assets
- Patented fabrication methods for high-precision location accuracy
- 5th Generation IoT platform for reliable connectivity and performance
- Operates effectively both indoors and outdoors
- Extended coverage range, reaching over 1 million gateways
- Monitors temperature, shock, speed, location, orientation, and movement
- Geofencing capabilities for defining and monitoring restricted areas
- Integration with Finestra Hub for a private network