NextNav Inc (NN) is a technology company that provides high-precision location services to a range of industries. It was founded in 2008 and is headquartered in Sunnyvale, California.
NextNav's technology is based on a terrestrial positioning system called Metropolitan Beacon System (MBS), which uses a network of ground-based beacons to provide accurate 3D location data to devices in urban and indoor environments where GPS signals may not be reliable. The MBS system also provides location-based services such as emergency response, public safety, and commercial applications.
NextNav has partnerships with various companies to integrate its technology into their products, including Verizon and Broadcom. The company has also received investment from several venture capital firms.
NextNav went public in June 2021 through a merger with a special purpose acquisition company (SPAC) called Spartacus Acquisition Corporation. The combined company is listed on the Nasdaq stock exchange under the ticker symbol "NN."
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