When was Theseus founded?

Theseus was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is Theseus located?

Theseus is headquartered in San Francisco, United States.

Who is the current CEO of Theseus?

Carl Schoeller and Ian Laffey s of Theseus. Carl Schoeller has also founded 1 company.

How many employees does Theseus have?

As of Aug 31, 2026, the latest employee count at Theseus is 13.

Is Theseus a funded company?

Theseus is a funded company, having raised a total of $4.8M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2024.

How much is Theseus worth?

The latest valuation of Theseus is $***** as of Jan 01, 2024.

When was the latest funding round of Theseus?

Theseus' latest funding was a $***** Seed round on Apr 17, 2025, with participation from 3 investors. Its primary sector is Security & Surveillance Technology. In United States, the Security & Surveillance Technology sector has seen $4.57B in funding in 2026 to date.

Where does Theseus rank among its competitors?

Theseus ranks 112th amongst 859 active competitors, of which 72 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Xona Space Systems, which secured $170M in Mar, 2026.

Who are the top competitors of Theseus?

Theseus' top competitors include TomTom, NavInfo and Xona Space Systems. Among them, Xona Space Systems secured the most recent funding round in March, 2026.

Theseus - 2026 Company Profile, Team, Funding & Competitors

Theseus is a seed company based in San Francisco (United States), founded in 2024 by Paul Walker, Ian Laffey and Carl Schoeller. It operates as a GPS denied navigation for drones. Theseus has raised $4.8M in funding from First Round Capital, with a current valuation of $*****. The company has 859 active competitors, including 72 funded and 46 that have exited. Its top competitors include companies like TomTom, NavInfo and Xona Space Systems.

Company Details

GPS denied navigation for drones. It can be retrofit onto any drone that simulates a GPS. It uses cameras and an accelerometer or gyroscope as well as reference satellite imagery for positioning.

Key Metrics

Founded Year

2024

Location

San Francisco, United States

Stage

Seed

Total Funding

$4.8M in 2 rounds

Latest Funding Round

Seed, Apr 17, 2025, $*****

Post Money Valuation

$***** as on Jan 01, 2024

Investors

First Round Capital & 2 more

Ranked

112^th among 859 active competitors

Employee Count

13 as on Aug 31, 2026

Similar Companies

TomTom & 1099 more

View Theseus' full profile

Theseus has raised a total funding of $4.8M over 2 rounds. Its first funding round was on 2024. Its latest funding round was a Seed round on Apr 17, 2025 for $*****. 3 investors participated in its latest round. Theseus has 3 institutional investors.

Here is the list of recent funding rounds of Theseus:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 17, 2025	9496808	Seed	7295983	2295864	9639648	1775304
2024	2021	Seed	9719	6394	2147	Y Combinator

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View details of Theseus's funding rounds and investors

The founders of Theseus are Paul Walker, Ian Laffey and Carl Schoeller. Carl Schoeller and Ian Laffey are the CEOs of Theseus.

Here are the details of Theseus' key team members:

Paul Walker: Founder of Theseus.
Contact Info: 1 email address
Ian Laffey: Co-Founder of Theseus.
Contact Info: 1 email address
Carl Schoeller: Co-Founder & CEO of Theseus.
Contact Info: 1 email address
Ian Laffey: CEO of Theseus.
Contact Info: 1 email address

View details of Theseus's Founder profiles and Board Members

Theseus' employee count trend

Theseus has 13 employees as of Aug 26. Here is Theseus's employee count trend over the years:

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Top competitors of Theseus include TomTom, NavInfo and Xona Space Systems. Here is the list of Top 10 competitors of Theseus, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TomTom 1991, Amsterdam (Netherlands), Public	Provider of maps, navigation software, traffic data, and location technology	-	Aimforthemoon, Artiman & 2 others	73/100
2nd	NavInfo 2002, Beijing (China), Public	Provider of navigation, high-definition maps, and intelligent driving system solutions	$185M	V Fund, Tencent & 2 others	68/100
3rd	Xona Space Systems 2019, Burlingame (United States), Series C	Developer of positioning, navigation, and timing infrastructure for connected systems	$320M	Seraphim, MaC Venture Capital & 37 others	66/100
4th	BeeLine 2014, London (United Kingdom), Seed	Manufacturer of devices for vehicle tracking	$2.78M	True Global, Seedcamp & 29 others	66/100
5th	Topcon Positioning 1932, United States, Unfunded	Manufacturer of precision positioning and construction equipment and related software	-	-	64/100
6th	Kinexon 2012, Munich (Germany), Series A	Provider of real-time location systems for industrial automation and operations	$130M	Thomas H Lee Partners, Wessel Management ... & 21 others	63/100
7th	Focal Point Positioning 2015, Cambridge (United Kingdom), Series C	Provider of AI-based software to increase the accuracy of GNSS in devices	$69.2M	Molten Ventures, Cambridge Angels & 26 others	63/100
8th	What3words 2013, London (United Kingdom), Series C	Developer of a system assigning unique identifiers to small areas	$231M	Mercedes-Benz, Brand Capital International ... & 210 others	61/100
9th	NextNav 2008, Sunnyvale (United States), Public	Provider of an indoor positioning solution for enterprises	$284M	Fortress, Oak Investment Partners & 8 others	60/100
10th	T Map Mobility 2018, Seoul (South Korea), Funding Raised	Provider of mobility services, including navigation, ride hailing, and data solutions	-	Affirma Capital, KB Kookmin Bank & 2 others	60/100
112th	Theseus 2024, San Francisco (United States), Seed	GPS denied navigation for drones	$4.8M	First Round Capital, Lux Capital & 1 others	36/100