Sewio_LogoY Soft Ventures, the venture capital arm of Y Soft, has provided a first round of funding to Sewio Networks. Sewio is a Czech Republic-based  young company focused on providing precise indoor positioning applying  a unique radio technology. Sewio’s unique radio technology outperforms current indoor positioning systems based on Wi-Fi or iBeacon and can fully substitute current GPS systems in areas where existing precision or coverage is not sufficient. Moreover, the precise sub-meter indoor tracking offered by Sewio’s products open new application areas and markets which were not possible before.

Sewio solutions use precise location data and wireless sensors to help find, protect, optimize or control the things that matter the most – people, equipment and assets. The technology is used in areas such as drone navigation, mining and other hazardous industries, automotive production, entertainment and retail/entertainment.

Y Soft Ventures provides more than just the US one million dollar funding. Y Soft Ventures provides Sewio (and all the companies in its portfolio) resources to speed up their time to success including manufacturing, global distribution and logistics, marketing and HR. These resources are often lacking in such promising early-stage companies.

Read the press release.