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About Geoforce
Industries
Automotive & Transportation
Industrial & Manufacturing
Government & Public Sector
Company Size
51-200
Company Stage
Early VC
Total Funding
$3M
Headquarters
Plano, Texas
Founded
2007
Overview
Geoforce provides global traceability solutions for field equipment through a cloud-based software platform that integrates with GPS tracking sensors. This system allows businesses to track and monitor their equipment in real-time, eliminating uncertainty in field operations. Geoforce caters to various industries, including oil and gas, rail, government, defense, construction, agriculture, transportation, logistics, and mining, focusing on clients who need reliable tracking in tough environments. Their GT1 GPS tracking device is built to endure extreme conditions, making it suitable for harsh operational settings. The company generates revenue by selling both hardware and software, charging subscription fees for access to their platform. Geoforce's main goal is to enhance efficiency and reduce downtime for businesses by providing durable tracking solutions that minimize technician visits and prevent equipment failures.
Simplify's Take
What believers are saying
- Acquisition of Temeda enhances product offerings in construction and heavy equipment sectors.
- Partnership with Sewell Fleet Management expands market opportunities in fleet management.
- Solar-powered trackers reduce maintenance costs and increase efficiency in remote areas.
What critics are saying
- Increased competition from Iridium Communications threatens Geoforce's market share.
- Integration challenges from Temeda acquisition may disrupt operations and customer service.
- Regulatory hurdles may impact success of new products in Australia and New Zealand.
What makes Geoforce unique
- Geoforce offers durable GPS tracking devices with long battery life for harsh environments.
- Their cloud-based platform provides real-time tracking and monitoring of field equipment.
- Zone 0 certification ensures safe operation in explosive environments, enhancing safety credentials.
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Funding
Total Funding
$3M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Professional Development Budget
Growth & Insights and Company News
6 month growth
↓ -6%1 year growth
↓ -5%2 year growth
↓ -3%LLR Partners made one portfolio investment and saw two portfolio firms enter M&A deals in Q2 2024. They invested in Soltis, a Salt Lake City investment adviser with over $9 billion in client assets. 3SI Security merged with Edge360, and Geoforce acquired Temeda. Additionally, Edmunds GovTech, another LLR portfolio company, received investment from TA Associates. LLR Partners has raised over $6 billion across seven funds and focuses on technology and healthcare investments.
FORTITUDE VALLEY, Queensland--(BUSINESS WIRE)--Geoforce, a leading global provider of satellite- and cellular-based rugged asset tracking and monitoring solutions, has announced the launch of two new asset trackers that offer flexible and cost-effective coverage options, the industry’s best battery life, and unmatched durability with Zone 0 certification for safe operation in explosive environments. The GT2c and the GT2h asset tracking devices are now available in Australia and New Zealand. These new additions to Geoforce’s existing GT2 product line feature a solar-powered rechargeable battery and a back-up battery, allowing the devices to provide up to 10 years of service life. The new GT2c device operates on LTE-M low-power cellular IoT networks, offering an optimal solution for operators utilizing assets in cellular service range and who want cost-effective tracking
Following the success of Operation Arctic Lynx (OAL), Iridium is expanding its partnership-driven field demonstrations to the Indo-Pacific Region. MCLEAN, Va., Sept. 21, 2022 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) today announced Operation Pacific Waves (OPW), a series of partnership-driven field exercises involving more than 20 organizations. Focused on the Indo-Pacific region, OPW will deploy Iridium® and Iridium Connected® equipment in live scenarios highlighting the Iridium network's resilient, real-time and truly global capabilities. A variety of Iridium SATCOM field demonstrations will take place in coordination with an international contingent of organizations including Iridium partners and existing customers like the U.S. Department of Defense, coalition partners and scientific research organizations. The event will take place between Wednesday, September 28 and Friday, September 30, 2022
Geoforce, a leading global provider of satellite- and cellular-based rugged asset tracking and monitoring solutions, has announced the launch of two new asset trackers that offer flexible and cost-effective coverage options, the industry’s best battery life, and unmatched durability with Zone 0 certification for safe operation in explosive environments.
Kyle Bowker has joined Geoforce as Chief Revenue Officer.
Geoforce is Hiring for 3 Jobs on Simplify!
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About Geoforce
Industries
Automotive & Transportation
Industrial & Manufacturing
Government & Public Sector
Company Size
51-200
Company Stage
Early VC
Total Funding
$3M
Headquarters
Plano, Texas
Founded
2007
Geoforce is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today