Sixents Technology

Sixents Technology

High-precision GNSS positioning and location services provider.

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-124 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

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Sixents Technology, established in 2018, is a high-tech enterprise that was incubated from NavInfo. The company specializes in providing high-precision positioning products and services for applications such as autonomous driving and smart cities. Sixents has developed a comprehensive "network-cloud-end" integrated solution. This is built upon its self-constructed nationwide network of approximately 3,000 Continuously Operating Reference System (CORS) stations in China. The system receives signals from multiple satellite navigation systems, including Beidou (BDS), GPS, Galileo, GLONASS, and QZSS.

The company's cloud platform processes data from the CORS network to calculate and deliver real-time differential correction data to user terminals, enabling centimeter-level positioning accuracy. Sixents offers a range of services with varying levels of precision, including centimeter-level (Locate-CM) and sub-meter level (Locate-DM) services. Its clients include developers of car-sharing technology, autonomous vehicle manufacturers, and construction companies. The business model appears to be subscription-based for its positioning services.

Sixents provides hardware products such as GNSS and IMU modules, as well as T-BOX and P-BOX products to complement its service offerings. The company has formed strategic partnerships with other technology firms like Fixposition AG and U-Blox to deliver integrated solutions and expand its ecosystem. As of February 2022, Sixents Technology had raised approximately $98.1 million in a Series B funding round from investors including Enlighten Holdings, Tsinghua Holdings Capital, and CDH. The company is headquartered in Beijing, China, with Jin Shuixiang serving as the CEO.

Keywords: high-precision positioning, GNSS services, location-based services, autonomous driving, smart cities, CORS network, Beidou, centimeter-level accuracy, real-time kinematic, RTK, automotive technology, IoT, mobility tech, navigation, mapping, positioning algorithms

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