Nestwave
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Nestwave was a French wireless startup founded in 2014 in Paris by Rabih Chrabieh. It developed an ultra-low-power GNSS geolocation solution for IoT: DSP software that lets IoT modem makers (NB-IoT, Cat M1, LoRa, Sigfox) offer accurate geolocation for asset tracking, smart factories and smart cities without a dedicated positioning chip, protected by more than 10 patents. It raised about $7.9 million and was acquired by NextNav in October 2022.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Nestwave is founded in Paris to build low-power geolocation software for the IoT market.
- Funding round
The company closes a €2 million first round led by The Faktory and Sofimac Innovation, followed by €2.4 million from the European Innovation Council in 2021.
- Acquisition
NextNav closes its acquisition of Nestwave SAS on October 31, 2022, using the technology to accelerate its TerraPoiNT 3D positioning network.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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