Oriient

Company Overview

Snapshot

Founded in July 2016, Oriient operates with 51–200 employees. The company has raised $15M across 2 funding rounds from 10 investors. In May 2022, Oriient secured Series A funding to enhance its indoor navigation technology.

Business overview

Oriient develops an indoor positioning system that functions similarly to GPS, providing accurate, hardware-free navigation within buildings. The company's core technology leverages existing smartphone sensors to offer a convenient navigation experience for customers. Oriient primarily serves the retail and smart building verticals, enabling facilities to improve service and operations through its micro-location services.

Strategic signal

In April 2022, Oriient announced a new partnership with Google Cloud to integrate its micro-location services into stores. This collaboration signifies a strategic validation of Oriient's technology and its potential to scale, indicating a strong forward trajectory for market penetration and product development within the retail sector.

Company Intelligence Q&A

What is Oriient's primary focus?

Oriient focuses on developing an indoor positioning system that provides accurate, easy-to-deploy navigation inside buildings without requiring additional hardware or installation. The company targets the retail and smart building verticals.

When did Oriient secure its Series A funding?

Oriient secured Series A funding in May 2022. This funding was aimed at bringing the user experience and data-driven insights of the digital world to brick-and-mortar buildings.

Which investors participated in Oriient's Series A funding round?

Oriient's Series A funding round in May 2022 included participation from OurCrowd and NGN Partners.

What was a significant partnership announced by Oriient in 2022?

In April 2022, Oriient announced a new partnership with Google Cloud to bring its cutting-edge micro-location services to stores.

When did Oriient raise its initial funding?

Oriient raised its initial funding in April 2019, with participation from F2 Venture Capital and Future Energy Ventures.