About Mimiq

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.

```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> Mimiq reduces asset tracking costs by 75% compared to traditional tracking solutions. </revenue_model> ```

What does Mimiq do?

Where is Mimiq located?

Mimiq is based in Palo Alto, United States.

When was Mimiq founded?

Mimiq was founded in 2016.

How much funding has Mimiq raised?

Mimiq has raised 800000.

Location

Palo Alto, United States

Founded

2016

Funding

800000

Employees

38 employees

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Mimiq

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Executive Summary

mimiq.io 3K+

Crunchbase

Founded 2016 – Palo Alto, United States

Funding

Estimated Funding

$500K+

Team (30+)

No team information available.

Company Description

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.

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

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.

Revenue Model

Mimiq reduces asset tracking costs by 75% compared to traditional tracking solutions.