Oriient raises $11M Series A for its indoor positioning service

Indoor navigation was something we heard about a lot after the launch of the iPhone and during that first wave of location-based apps. But the technology has quietly evolved over the last few years and may now be more important than ever. Oriient, which powers the platform that Instacart shoppers use to gather their orders in hundreds of stores in North America, this week announced that it has raised an $11 million Series A round, which brings its total funding to $16 million. OurCrowd, Regal Four (a Beren family venture entity), F2 Venture Capital, NGN Partners and Future Energy Ventures part

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