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Polte Corporation

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Software platform that uses 4g & 5g networks to deliver highly-accurate location seamlessly indoors and out

Addison, United StatesFounded 2016AI
Valuation $50–100M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Polte Corporation

Polte Corporation operated as a technology company specializing in location services, positioning itself as an alternative to traditional GPS. The company was founded by Russ Markhovsky, who served as President. Ed Chao, a former technology executive from T-Mobile and MetroPCS, later joined as CEO. Based in Richardson, Texas, a suburb of Dallas, Polte focused on developing its patented Cloud Location over Cellular (C-LoC) technology.

The firm's core business revolved around a software-only, location-as-a-service (LaaS) platform. This platform utilized existing global 4G and 5G cellular networks and cloud computing to determine the location of IoT devices. By offloading the computational work from the device to the cloud, Polte's solution aimed to reduce power consumption, decrease device size, and lower costs for manufacturers. The technology was designed to provide accurate indoor and outdoor location tracking without the need for additional hardware like Wi-Fi access points or Bluetooth beacons. Polte's business model targeted a wide range of industries, including supply chain, logistics, manufacturing, and healthcare, by providing visibility into their assets. The company offered its services through an API, enabling clients such as cloud computing providers, IoT hardware makers, and systems integrators to incorporate location-enabled insights into their own offerings.

Polte’s C-LoC technology was engineered to calculate a device's position by leveraging cellular network signals, providing a more power-efficient and secure alternative to GPS. The company claimed its system could deliver sub-meter level accuracy for 5G networks indoors and sub-3-meter accuracy outdoors. Key features included real-time tracking, temperature monitoring, and shock detection. The company formed several strategic partnerships to expand its market reach, collaborating with companies like CoreKinect to create end-to-end supply chain tracking solutions and Druid Software to integrate its location technology into private 4G/5G networks. In September 2022, Polte ceased operations and began selling its assets. It was later reported that Qualcomm had acquired Polte's assets, integrating the technology into its own Aware platform.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2016
Headquarters
Addison, United States
Employees
16
Open positions
None listed
Dealroom signal
0.0/100
Sector
AI, Cloud Data Services, Location Based, Indoor Navigation, Core AI, Hard Tech, AI Applications, DT and LS
Technology
Artificial Intelligence, Big Data, Deep Tech, Machine Learning, IoT InternetOfThings
Business model
SaaS
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Aug 2021 $6.5M $91M Undisclosed —
SERIES A✓Equity / VC Sep 2019 $13M $50M Undisclosed —
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Growth signals

Polte Corporation website traffic

Latest recorded traffic for Polte Corporation is 640 monthly website visits, down 84% over the last three months. Polte Corporation's team declined 5.9% over the past year.

Latest monthly visits640 3-month web change-84% 1-year team growth-5.9%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Addison HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Polte Corporation on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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