Novariant
Technology:
Precison positioning and equipment controls in 3 dimensions for the agriculture, mining, construction and aerospace industries.
Challenge:
Leverage advanced technology originally spun out of the Stanford University Global Positioning System (GPS) Research Laboratory and apply the technology to rapidly growing commercial market segments.
Solution:
RedShift Ventures led two financing rounds that infused working capital to expand product development, support international expansion, diversify into additional vertical markets, expand the patent portfolio and complete recruiting of a world-class management team. Became a trusted strategic advisor on all aspects of the company's corporate and business development strategy.
Result:
Novariant has experienced significant market share expansion and revenue growth. The company is currently on a path to continue healthy organic growth. Additionally, it has launched an initiative to further expand its market penetration and product portfolio through a series of targeted strategic partnerships. The company is becoming the premier industrial solutions provider for precision positioning, intelligent control systems, and positioning infrastructures.