But the US are seeking to rival Europe’s Galileo system with their new rival project after TrustPoint raised £1.5 million in funding from venture capital firm DCVC.
TrustPoint founders Patrick Shannon, a former Astro Digital vice president, and Chris DeMay, former Hawkeye 360 founder and chief technology officer, said alternatives are needed as current systems are inaccurate, slow, unencrypted, and can become jammed.
The company has stressed that GNSS systems alone are not accurate enough for a lot of the emerging commercial applications like drone delivery, self-driving cars, urban air transportation and augmented reality.
Their new alternative seeks to provide governments and commercial customers with an improved service, security and reliability.
TrustPoint promised that their system will bring about better accuracy, quicker time to first fix, as well as anti-jamming capabilities.
Patrick Shannon, TrustPoint co-founder and CEO, said in a statement: “NewSpace startups have been successfully revolutionizing a host of space applications, like launch, earth observation and communications for the past decade.