Zohar Gilon

hoopo, a company that claims to be “redefining geolocation technology” with high-accuracy low-power capabilities via the Internet of Things (IoT), has secured a $3.5 million (€3.1 million) funding round from Chartered HighTech JIHTV1 fund, TAU Ventures, and Global IoT Technology Ventures (GiTV).

In an effort to radically improve precision for low-power Internet of Things (IoT) tracking, start-up firm hoopo announced the launch of the company and its geolocation solution for low-power wide area (LPWA) networks.