#Canada #Montreal #Navigation Systems #OSCP #New Science Ventures

OSCP Successfully Secures Series A Funding

Introduction
OSCPS Motion Sensing Inc., known as OSCP, recently completed a Series A funding round led by New Science Ventures, with contributions from Emerging Ventures and 2050 Capital. This strategic financing will propel the company’s ambition to elevate its manufacturing capabilities and address a growing need for reliable navigation systems amid GNSS disruptions.

Overview of the Funding Round
The financial backing from New Science Ventures, where Somu Subramaniam sits on the board, marks a pivotal moment for OSCP. This investment comes at a crucial time when the demand for advanced navigation technology is surging due to increasing challenges in GPS signal reliability.

Why OSCP Stands Out
OSCP specializes in photonic gyroscopes and inertial measurement units (IMUs) designed for applications requiring continuous navigation capabilities, even in situations where GNSS signals are jammed or spoofed. This technology addresses a broad range of scenarios, extending beyond traditional conflict zones into civilian airspace and maritime routes.

Utilization of Funds
The proceeds from this Series A financing will be allocated toward enhancing production in Montreal, expanding engineering teams, and accelerating the commercialization of OSCP’s next-generation inertial sensors. Kazem Zandi, the company's founder and CEO, emphasized the growing importance of dependable navigation systems that comply with ITAR regulations, stating, “Losing satellite signals was once a battlefield issue. We’re now witnessing it over airports and shipping lanes.”

Upcoming Products and Developments
Since the closure of this funding round, OSCP has launched the NavigationGate system, an innovative solution for platforms facing satellite signal loss. The introduction of support for ArduPilot and an open-source ROS 2 driver for their MK2 line of IMUs further showcases their commitment to advancing their product offerings. Additionally, OSCP has gained certification as a supplier on Canada’s Defence Drone Initiative Marketplace, indicating a promising market trajectory.

About OSCP
OSCP, founded in 2015 and headquartered in Montreal, Quebec, is focused on creating high-performance photonic gyroscopes and IMUs that deliver tactical-level precision while maintaining MEMS-like characteristics in size, weight, power consumption, and cost. The company caters to various sectors, including space, defense, marine, railway, robotics, and land autonomy, providing solutions designed to operate effectively in GNSS-challenged environments.

New Science Ventures Background
New Science Ventures is a venture capital firm backing companies that utilize innovative scientific approaches in information technology and life sciences. With over $1 billion in assets under management, they have established a reputation for fostering growth in pioneering technological ventures since their 2004 inception.

Conclusion
With serious advancements on the horizon, OSCP is poised to transform the landscape of autonomous navigation through their strategic innovations and the recent influx of capital. For further insights and updates on OSCP’s journey, visit oscp.com.