GEODNET
About
About GEODNET
GEODNET operates a decentralised network of GNSS reference stations that provides centimetre-level RTK corrections. Drones, robots, vehicles, mapping devices and agricultural systems use the service to improve positioning without each operator building a private base-station network.
GEO-PULSE and GEO-MEASURE hardware contribute station data or support field measurement, while APIs and correction services deliver positioning to devices. The network uses token incentives to expand coverage, making GEODNET both positioning infrastructure and a DePIN system. Commercial performance depends on local station density, compatible receivers, connectivity and the service plan used by the customer.
Articles
Products
Supply
Funding
- 2025-02-24 - Strategic round - $8M - GEODNET raises $8 million strategic round led by Multicoin Capital
source: geodnet.com
- 2024-04-16 - Strategic investment - GEODNET announces new investment round backed by CoinFund, Pantera, VanEck, and Santiago Santos
source: geodnet.com
- 2024-02-28 - Venture round - $3.5M - GEODNET raises $3.5 million to expand its real-time kinematics network
source: geodnet.com
- 2023-07-05 - Early - $1.5M - GEODNET Foundation secures $1.5 million investment led by Borderless Capital
source: geodnet.com
Investors
- Borderless Capital - Lead - VC - 1 funding event - first seen 2023-07-05
- CoinFund - Participant - VC - 1 funding event - first seen 2024-04-16
- DACM - Participant - Unknown - 1 funding event - first seen 2025-02-24
- Multicoin Capital - Lead - VC - 1 funding event - first seen 2025-02-24
- Pantera - Participant - Unknown - 1 funding event - first seen 2024-04-16
- ParaFi - Participant - Unknown - 1 funding event - first seen 2025-02-24
- Santiago Santos - Participant - Angel / Individual - 1 funding event - first seen 2024-04-16
- VanEck - Participant - Unknown - 1 funding event - first seen 2024-04-16
Financials
- GEOD-USD - CRYPTO - USD
Team
- Mike A. Horton - Project Creator - Central originator of GEODNET's RTK network strategy, connecting the project to prior experience in navigation hardware, sensor systems and positioning infrastructure.
- Yudan Yi - Head of GNSS - Provides the GNSS and geodesy expertise behind GEODNET's positioning infrastructure, RTK correction network and location-data reliability.
- David Chen - Head of Blockchain - Leads the blockchain layer behind GEODNET's decentralized network model, connecting the RTK positioning system to consensus, security, smart-contract and decentralized application…
Timeline
Events
- 2026-04-15 - Capability - HYFIX announces Autonomous Systems Chip with native GEODNET RTK integration
HYFIX says the chip combines flight control, high-accuracy positioning, secure wireless communications and onboard intelligence in one low-power SoC. The platform is designed for GPS-degraded or denied environments and supports ROS 2, ArduPilot and PX4. HYFIX says native GEODNET RTK integration enables centimeter-level positioning, with production-ready chips planned for select customers in 2026.
Source - 2026-04-14 - Partnership - DroneDash and GEODNET launch GEODASH Aerosystems for map-free AI-driven precision spraying
DroneDash Technologies and GEODNET announced the formation of GEODASH Aerosystems Pte. Ltd., a Singapore-incorporated joint venture focused on agricultural spraying drones for large-scale industrial farming. The venture combines GEODNET's centimetre-level GNSS-RTK positioning network with DroneDash's autonomous drone and AI vision stack to remove repeated manual pre-mapping before spraying operations. The companies said the platform is being built for plantation-scale agriculture and is targeting commercial deployment in the third quarter of 2026.
Source - 2026-04-02 - Market Signal - GEODNET reports its largest monthly GEOD buyback and burn to date for March 2026
GEODNET said March produced its largest GEOD buyback to date, with $630,751 worth of GEOD bought back and burned. The post framed the burn as a direct result of network usage and revenue generation rather than speculative treasury action. The milestone was presented as evidence that real network demand is scaling the protocol's buyback-and-burn mechanism.
Source - 2026-03-17 - Product Launch - HYFIX launches GEO-SWARM autonomous drone-in-a-box security system on Kickstarter
HYFIX launched GEO-SWARM as an autonomous drone-in-a-box security system through Kickstarter. The system combines automated launch, return and charging with persistent property monitoring. HYFIX positioned the integrated drone and dock for scheduled or alarm-triggered autonomous perimeter patrols.
Source - 2025-12-20 - Product Launch - GEODNET launches GEO-MEASURE GNSS RTK device on Amazon
• GEODNET launched the GEO-MEASURE GNSS RTK device on Amazon on December 20, 2025. • The handheld receiver offers centimeter-level positioning accuracy and integrates with the GEODNET decentralized RTK network. • Early buyers received one year of free GEODNET RTK access and a ruggedized Pelican protective case.
Source - 2025-11-05 - Market Signal - GEODNET revenue grew 217% YoY in Q3 2025, crossing $1.2M
• GEODNET's revenue increased from $388,600 in Q3 2024 to over $1.2 million in Q3 2025, marking a 216.9% year-over-year growth. • The company expanded its network to over 19,800 active Satellite Miners across more than 5,000 cities and 148 countries. • Additionally, GEODNET migrated from Polygon to Solana, consolidating liquidity and aligning with Solana's DePIN ecosystem.
Source - 2025-08-06 - Market Signal - GEODNET RTK drones operate daily worldwide
• GEODNET's RTK network, comprising over 19,000 active Satellite Miners across 145 countries, provided precise positioning data to thousands of robots daily, including autonomous trucks, construction vehicles, agricultural equipment, drones, robotic lawn mowers, and robotic marine vehicles. • The network's revenue increased 19% quarter-over-quarter, reaching over $963,000 in Q2 2025. • The company also partnered with projects across enterprise drone mapping, IoT hardware, and RTK integration to advance real-world usability.
Source - 2025-02-24 - Partnership - DroneDeploy and GEODNET Foundation announce partnership to provide enterprise RTK services for drone-based reality capture
GEODNET announced a partnership with DroneDeploy focused on enterprise RTK services for drone-based reality capture workflows. The announcement positioned GEODNET's RTK network as infrastructure for higher-precision drone mapping and surveying operations. The partnership tied GEODNET more directly to enterprise drone data capture rather than only agriculture, surveying, or DePIN-native use cases.
Source - 2025-02-24 - Funding - GEODNET raises $8 million strategic round led by Multicoin Capital
The company framed the raise around centimeter-level accuracy for robots and humanoid systems The financing strengthened GEODNET's positioning as autonomy-enabling localization infrastructure
Source - 2025-02-14 - Company Formation - Intercognitive Foundation launches with Auki Labs, peaq, Mawari, and GEODNET as founding members
Intercognitive Foundation launches to promote infrastructure and protocols that make the physical world accessible to artificial intelligence Launch establishes the initial member coalition across spatial computing, machine networks, edge rendering, and positioning infrastructure
Source - 2024-12-18 - Partnership - Burro and GEODNET partner to enhance agricultural robotics with RTK GPS
Burro and GEODNET announced a partnership to enhance agricultural robotics with advanced RTK GPS technology The deal directly linked GEODNET's correction network to a field robotics deployment use case The partnership is one of GEODNET's clearest robotics-native validation points
Source - 2024-10-28 - Partnership - Agri Automation and GEODNET collaborate on RTK services in Australia and New Zealand
GEODNET and Agri Automation announced a collaboration for RTK services in Australia and New Zealand The partnership expanded GEODNET's agricultural robotics and precision-ag footprint in the region The deal reinforced GEODNET's role as localization infrastructure for field-deployed autonomous systems
Source - 2024-06-24 - Market Signal - GEODNET reports new customers across automotive, drones, IoT, farming, and surveying
GEODNET added customers across automotive, drone, IoT, agriculture and surveying markets. The update showed the RTK correction network expanding beyond a single robotics application.
Source - 2024-04-16 - Funding - GEODNET announces new investment round backed by CoinFund, Pantera, VanEck, and Santiago Santos
GEODNET announced a new investment round from CoinFund, Pantera, VanEck, and Santiago Santos The round added more strategic capital behind the network's precision-location infrastructure buildout The investor mix reinforced GEODNET's positioning as infrastructure for real-world autonomy and positioning services
Source - 2024-02-28 - Funding - GEODNET raises $3.5 million to expand its real-time kinematics network
GEODNET announced a $3.5 million financing round to build out its RTK network The raise supported expansion of the company's precision-location infrastructure footprint The financing marked a larger-scale growth phase for GEODNET's global correction network
Source - 2024-02-05 - Capability - GEODNET's Decentralized RTK Network Achieves Centimeter-Level Accuracy
GEODNET operates a decentralized network of over 10,000 high-precision GNSS base stations worldwide. The network provides Real-Time Kinematic (RTK) corrections, enabling centimeter-level positioning accuracy for various applications. GEODNET's blockchain-based approach ensures secure, transparent, and efficient data sharing across its global network.
Source - 2023-12-13 - Partnership - Deep Sand Technology and GEODNET collaborate on precision agriculture RTK services in rural North America
GEODNET says Deep Sand Technology and the GEODNET Foundation joined forces to expand affordable precision agriculture RTK services in rural North America Collaboration links GEODNET's decentralized RTK infrastructure to agricultural deployment use cases
Source - 2023-07-05 - Funding - GEODNET Foundation secures $1.5 million investment led by Borderless Capital
Borderless Capital led a $1.5 million investment into the GEODNET Foundation The funding supported buildout of a precise decentralized location service The round helped validate GEODNET's early positioning as precision-location infrastructure
Source - 2023-06-14 - Product Launch - HYFIX.AI launches new RTK rovers with GEODNET connectivity on Crowd Supply
GEODNET published a launch update for HYFIX.AI's new RTK rover products built around the Quectel LC29H GNSS module. The release tied the rover launch directly to GEODNET-connected positioning workflows rather than a standalone hardware release. The product launch expanded the ecosystem of field devices able to use GEODNET for precise positioning and robotics-adjacent spatial applications.
Source - 2023-02-06 - Product Launch - GEODNET launches RTK correction service for agricultural robotics OEMs and systems integrators
GEODNET launched an RTK correction service aimed at agricultural-robotics OEMs and systems integrators. The service uses the GEODNET reference-station network to provide centimetre-level positioning corrections.
Source - 2022-11-20 - Product Launch - HYFIX.AI announces new triple-band 1000-plus-channel GNSS base stations for GEODNET
HYFIX.AI announced a new triple-band GNSS base-station line for GEODNET with more than 1000 tracking channels. The product was positioned as a higher-spec GEODNET-compatible base station intended to improve network contribution and high-accuracy positioning performance. The launch was introduced with a Black Friday promotional offer through the GEODNET ecosystem.
Source
Relations
Relationships
- Intercognitive Foundation
Founding Member - GEODNET is a founding member of Intercognitive Foundation.
- HYFIX
Technology Partner - HYFIX ships GEODNET-oriented RTK rovers and GNSS base stations for precise-positioning workflows.
- Agri Automation
Deployment Partner - GEODNET and Agri Automation collaborate on RTK services for agricultural robotics in Australia and New Zealand.
- HYFIX
Distribution Partner - HYFIX operates the GEODNET Store and distributes GEODNET-linked positioning hardware.
Context
Comparable profiles
- Septentrio
stack adjacency
- Point One Navigation
stack adjacency
- peaq
stack adjacency - Localization Infrastructure
Context tags
- Positioning infrastructure layer - Stack Layer - Operates decentralized RTK correction network infrastructure relevant to robotics and autonomous systems.
- Commercial deployment - Commercial Stage - Active revenue-generating satellite-mining and correction service
- Positioning network infrastructure - Peer Group - Core peer group: RTK correction network operator
- RTK correction data - Capability - Live RTK correction data service
- Localization infrastructure - Stack Layer - Positioning infrastructure layer for robots and autonomous machines
- Precision positioning - Capability - Decentralized RTK correction data for high-accuracy positioning
- Farms and orchards - Customer Environment - RTK data used in agricultural autonomous equipment
- Factories - Customer Environment - Correction data relevant to industrial and manufacturing automation