OSCPS Motion Sensing Inc., operating as OSCP, has closed a Series A financing led by New Science Ventures, with participation from Emerging Ventures and 2050 Capital.
The financial size of the round was not disclosed in the supplied announcement.
Somu Subramaniam, founder and managing partner of New Science Ventures, has joined OSCP's board of directors following the financing.
The Montréal-based company designs and manufactures photonic gyroscopes and inertial measurement units for platforms that need to continue navigating when Global Navigation Satellite System (GNSS) signals are jammed, spoofed or otherwise unavailable.
OSCP said the issue increasingly extends beyond declared conflict zones, with disruption to satellite navigation also affecting environments including airports and shipping lanes.
The company plans to use the Series A funding to scale production in Montréal, expand its engineering and sales teams and bring its next generation of photonic inertial sensors to market.
Kazem Zandi, founder and Chief Executive Officer of OSCP, said:
“Losing the satellite signal used to be a battlefield problem. Now it shows up over airports and shipping lanes.
“Customers want navigation they can trust when GNSS drops out, and they want it ITAR-free. This round lets us build more of it here, and faster.”
Somu Subramaniam, founder and managing partner of New Science Ventures, said:
“We are very excited to join the team at OSCP to build the world's best IMUs in terms of navigation performance, size, and cost. These IMUs have the potential to completely change the autonomous navigation paradigm in a wide range of applications in the defence and transportation sectors.”
Since the financing round closed in August, OSCP has introduced NavigationGate, an inertial navigation system designed for platforms that lose satellite signal.
The company has also added ArduPilot support and an open-source ROS 2 driver for its MK2 IMU family and qualified as a supplier on Canada's Defence Drone Initiative Marketplace.
About OSCP
OSCPS Motion Sensing Inc., operating as OSCP, designs and manufactures photonic gyroscopes and inertial measurement units.
Founded in 2015 and based in Montréal, Québec, the company develops inertial sensors for navigation in environments where GNSS is jammed, degraded or unavailable.
Its technology is used across applications including space, defence, marine and subsea, rail, robotics and ground autonomy.
OSCP products are manufactured in Canada and are ITAR-free.
About New Science Ventures
New Science Ventures is a venture capital firm investing in companies taking scientific approaches across information technology and life sciences.
Founded in 2004, the firm has offices in Greenwich, Connecticut, and London and reports more than US$1 billion in assets under management based on original committed capital.
Source: OSCP