Breaking
$15M SEED led by Craft Ventures  /  H1P module ships as samples at XPONENTIAL 2026 GNSS + flight control + comms + AI on one chip Backed by Multicoin, Catapult, Finality & Sky Dayton Dual-antenna heading on a 0.2m baseline for sub-250g drones Built on GEODNET's ~21,000 reference stations $15M SEED led by Craft Ventures  /  H1P module ships as samples at XPONENTIAL 2026 GNSS + flight control + comms + AI on one chip Backed by Multicoin, Catapult, Finality & Sky Dayton Dual-antenna heading on a 0.2m baseline for sub-250g drones Built on GEODNET's ~21,000 reference stations
Company Dispatch Santa Clara, California Semiconductors & Autonomy

HYFIX & the Art of Knowing Where You Are

A 15-person chip startup is trying to convince robots - and America - that position is something you can actually trust.

HYFIX Spatial Intelligence logo
THE MARK. HYFIX Spatial Intelligence - a company that started life inside a decentralized map of the planet and came out the other side as a semiconductor company. The name is a promise: a high-fidelity fix on exactly where you are.
$15M
Seed Round, Apr 2026
17×22mm
H1P Module Footprint
~21,000
GEODNET Stations
~15
People On The Team
The Story

A very small company with a very specific complaint about GPS

Here is a fact that is easy to say and surprisingly hard to live with: your phone does not actually know where it is. It knows where it is to within a few meters, most of the time, when it can see enough satellites, and when nobody nearby is deliberately lying to it. For getting you to a coffee shop, that is fine. For a drone threading between two buildings at forty miles an hour, or a tractor that is supposed to plant a row and not a fence, a few meters is the difference between working and not working. HYFIX is a company built on being annoyed by that gap.

HYFIX Spatial Intelligence - the legal name is grander than the fifteen-person headcount - makes hardware that delivers centimeter-level positioning instead of the couple-of-meters kind. The technique itself, called RTK (real-time kinematic), is not new; surveyors have used it for decades. What is new is the packaging and the ambition. HYFIX wants to take positioning that good, make it resistant to jamming and spoofing, shrink it down to the size of a postage stamp, wire it directly into flight control and onboard AI, and then - this is the part that makes investors sit up - manufacture the whole thing in the United States.

The company did not start out wanting to be a chip company. It started out selling small, cheap GNSS receivers. In 2022 it was shipping a Mobile Centimeter base station built around a Quectel module. In 2023 it put RTK rovers on Crowd Supply for as little as $195. That is the unglamorous apprenticeship of hardware: build small things, ship them, find out what breaks in the field, and let that teach you what to build next. By April 2026 the lesson had compounded into a $15 million seed round led by Craft Ventures, and the small things had become the foundation for one big thing - a chip.

The other half of HYFIX's origin story is stranger, and it is the part that amuses. HYFIX emerged from GEODNET, a decentralized network of GNSS reference stations that people around the world set up and operate, secured with a blockchain and coordinated through crypto-economic incentives. It is, in the jargon, a DePIN - decentralized physical infrastructure. So the lineage here is: a crypto-adjacent network of roughly 21,000 ground stations, spinning out an American semiconductor company that builds drone chips. Those are not sentences that usually belong together. HYFIX's whole thesis is that they should.

“Geodnet uses reference stations that allow for more resilient and more accurate positioning than GPS alone, which is easily jammed and spoofed and doesn't work very well for things like robotics.” - Mike Horton, Co-Founder & CEO
The Product

What is actually on the chip

The centerpiece is the H1 Autonomous Systems Chip. The engineering idea behind it has an appealingly blunt name: stack compression. A normal drone is a small committee of separate modules - a GPS receiver here, a flight controller there, a radio, a compute board - each doing its own thing and passing messages to the next. Every boundary between them is a place where timing drifts, data gets stale, and small errors sneak in and become large ones. HYFIX's answer is to stop distributing those jobs across boxes and co-design them inside one piece of silicon.

The H1 runs the PX4 flight stack on the NuttX operating system natively, and it works with raw satellite measurements - code, Doppler, carrier phase - rather than a pre-cooked position fix. That tight coupling is the point. When the estimator can see the raw data and the inertial sensors and the control loop all at once, there are fewer seams for a hidden error to slip through.

H1 · System-on-Chip
GNSS
Positioning
Inertial
Sensors
Flight
Control
Encrypted
Comms
Onboard
AI Inference
Dual-RF
Heading
Six subsystems, one co-designed die
Module · Shipping 2026

H1P Open-Compute Module

The H1 chip in a 17×22mm surface-mount package that's pin-compatible with many existing GNSS modules - so a drone maker can drop it in. Adds onboard compute, I/O, and support for Xona's Pulsar LEO service. Samples and eval kits launched at AUVSI XPONENTIAL 2026.

Heading · No Compass

Dual-Antenna Heading

Two antennas just 0.2 meters apart compute which way the vehicle points from geometry, not magnetism - small enough for sub-250g drones. Horton says it should be “far better and far more repeatable than a compass,” with no magnetic calibration.

Receivers · Turn-Key

MobileCM & EmbedCM

The Mobile Centimeter family is plug-and-play receiver hardware, including GEODNET base stations. Embedded Centimeter is an RTK and dead-reckoning engine for low-cost GNSS chipsets. This is the product line that taught HYFIX how to ship.

Origin · Crowd Supply

RTK Rover

Built on Quectel's LC29H dual-band module for IoT and mobile robotics - a USB version and a Raspberry Pi 4B / Ethernet version with data logging. First launched on Crowd Supply from $195. Proof that the team ships real hardware, not slide decks.

The Idea Worth Stealing

Positioning as a trust problem, not just a precision problem

The clever conceptual move HYFIX makes is to stop treating location as a number and start treating it as a claim that might be false. GPS signals are faint by the time they reach the ground, which makes them easy to overpower - a jammer drowns them out, a spoofer feeds a receiver convincing lies. If a drone believes a lie about where it is, it will fly confidently into the wrong place. So the interesting question is not only “how accurate is the fix” but “should I believe this fix at all.”

HYFIX builds the answer into the geometry. Because the two antennas sit a fixed, known distance apart, that distance becomes a built-in integrity check. Multipath or interference distorts the measured baseline, and a distorted baseline is a tell - the system can flag that the solution is untrustworthy before the error cascades into a control decision. Network corrections from GEODNET do double duty too, validating navigation messages against spoofed data. And to keep working when terrestrial GPS is denied, the H1 leans on LEO signals from Xona's Pulsar, which are reportedly 40 to 100 times stronger.

Why It Matters

The layers of resilience, roughly weighted

  • Centimeter RTK accuracyCore
  • Geometry-based spoof / integrity checkDifferentiator
  • GEODNET network corrections~21,000 stations
  • LEO PNT fallback (Xona Pulsar)GPS-denied
  • U.S.-based manufacturingSupply chain

Illustrative weighting of HYFIX's stated capabilities, not a benchmark.

The Wager

Somebody has to make the silicon

The business case is a supply-chain case. DJI makes roughly 80% of the world's civilian drones, which means the brains of most flying robots trace back to a supply chain the United States does not control. Late-2025 FCC restrictions on Chinese drone imports turned that from a talking point into a purchasing problem, and demand for a domestic alternative jumped. HYFIX's pitch is that you cannot fix this by subsidizing factories if the chip inside still comes from abroad. The load-bearing piece is the silicon, so that is where they started - not the easy win, the critical one.

“There is currently no end-to-end American supply chain for drones. Hyfix is tackling one of the most critical pieces, custom silicon, so U.S. companies can build world-class autonomous systems without depending on foreign technology stacks.” - Jeff Fluhr, Partner, Craft Ventures

The market math is why the round happened. Global commercial drone revenue is projected to roughly double from about $30 billion in 2024 to $55 billion by 2030, with production climbing into the tens of millions of units a year. If even a slice of those units want an American-made autonomy chip, fifteen people in Santa Clara have a very large problem to work on. That is the good kind of problem.

The Cap Table

Who's backing the fix

$15M
Seed · April 15, 2026

Led by Craft Ventures, with a notably crypto-and-hardware-literate syndicate - a nod to HYFIX's DePIN roots and its silicon future.

Lead: Craft Ventures Multicoin Capital Catapult Ventures Finality Capital Sky Dayton
The Paper Trail

How HYFIX got here

July 2022

The first base station

Announces the Mobile Centimeter GEODNET base station built on Quectel's LC29H dual-band module - centimeter positioning, turn-key.

June 2023

Rovers on Crowd Supply

Launches USB and Raspberry Pi RTK rovers for IoT and mobile robotics, starting at $195. The hardware apprenticeship in public.

April 2026

$15M seed

Craft Ventures leads a seed round to build an American-made autonomy chip; Fortune reports the deal as a challenge to DJI's dominance.

May 2026

H1P goes to samples

Announces availability of H1P samples and evaluation kits at AUVSI XPONENTIAL 2026 (Booth 34005).

The People

Who's building it

Co-Founder & CEO

Mike Horton

A sensor-and-autonomy veteran whose throughline is helping machines understand where they are. Previously CTO at Anello Photonics (silicon-photonics optical gyroscopes) and ACEINNA (IMUs and current sensing), with a track record spanning drones and self-driving agricultural machinery.

Co-Founder

Udan Ercan

A GNSS specialist who previously built precision-positioning systems at Topcon - deep expertise in the exact discipline HYFIX is trying to compress onto silicon.

Marginalia

Five things that stick

1A blockchain positioning network (GEODNET) spun out a real semiconductor company. That is not a common evolutionary path.

2The entire autonomy stack targets a 17×22mm footprint - about the size of a postage stamp.

3The CEO helped create silicon-photonics optical gyroscopes in a past life. He has been chasing “where am I” for a long time.

4The H1 uses the fixed distance between two antennas as a built-in lie detector for spoofed GPS.

5Its first commercial products sold on a crowdfunding site for as little as $195. The moat started cheap.

Watch & Read

Interviews, demos & coverage

Spread the fix

A crypto-born chip startup taking on DJI with American silicon and centimeter-accurate positioning. Worth a share.