HYFIX
About HYFIX
Company overview
HYFIX (HYFIX Spatial Intelligence, Inc.) is a semiconductor and technology company founded in 2022 by Mike Horton, with its headquarters located in Santa Clara, California. The company specializes in the development of low-cost, high-precision positioning solutions and custom silicon designed for autonomous systems, such as drones and robotics. HYFIX aims to replace fragmented hardware stacks with a unified, American-made system-on-a-chip (SoC) architecture that integrates flight control, centimeter-level positioning, and secure communications. By leveraging decentralized networks like GEODNET, the company provides resilient, real-time kinematic (RTK) technology that operates effectively even in GPS-degraded environments. Business/Product Breakdown HYFIX Spatial Intelligence, Inc. offers a comprehensive platform of embedded software, hardware, and custom silicon tailored for the next generation of autonomous vehicles and IoT applications. The company's product lines include the MobileCM and EmbedCM series, which utilize modern dual-band GNSS chipsets to deliver low-cost, centimeter-accurate positioning. A central component of its offering is the HYFIX Autonomous Systems Chip, a highly integrated SoC that consolidates flight control, GNSS positioning, wireless communications, and onboard intelligence into a single low-power platform. This technology natively integrates with the GEODNET network, a decentralized community-powered network of geodetic-grade base stations that enables rapid RTK convergence and high-accuracy data streams for surveying, mapping, and industrial robotics. In addition to its silicon and software suites, HYFIX manufactures and distributes high-precision hardware including MobileCM Base Stations and MobileCM Rovers. These plug-and-play base stations act as blockchain-verified geodetic sensors, allowing users to establish their own GNSS reference points or subscribe to GEODNET's global RTK services. The company also provides specialized modules such as the GEO-PULSE navigation enhancer and various multi-platform stations used in climate research, e-mobility, and secure geolocation. Through its EmbedCM SDK, developers can implement RTK, UDR (Un-tethered Dead Reckoning), and ADR (Automotive Dead Reckoning) algorithms across diverse platforms, supporting widely used open-source ecosystems like ROS 2 and PX4.
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Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
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Employee Figures
Key Executives
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401K
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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