University of Oulu spin-out Indoor Atlas, which has commercialised indoor mapping technology, has received €500k from venture firm Mobility Ventures.

The firm, based in both Oulu and Oxford, UK, utilises magnetic anomalies inside buildings and smartphones to accurately pinpoint a user’s position inside of a structure, allowing Indoor Atlas’ navigation services to penetrate areas which GPS cannot.

It’s the second round of funding this year for the firm, which was founded in 2012. The firm closed a round of the…

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