TrackingPoint, Creator of the Precision Guided Firearm System, Announces $29 Million in Financing

TrackingPoint

TrackingPoint, the company that created the world’s first Precision Guided Firearm (PGF) system, recently announced a Series D financing round (led by Genesis Inventions LP and McHale Labs with Austin Ventures) with $29 million in capital investment. This money will be used to expand the company’s market making and product development activities as well as diversifying and building its line of PGFs and related platforms — all in the goal to further establish itself as the provider of the most accurate and reliable firearm technologies in the world.

TrackingPoint’s technology lets a shooter track and hit moving targets at extreme ranges by “tagging” the target with a red dot. The tag sticks on the target, regardless of relative movement. Once the PGF reticle aligns with the tag, the system calculates an exact firing solution factoring in range, wind, target velocity, shot angle, rifle cant, temperature, barometric pressure and other factors. TrackingPoint PGF rifles are priced beginning at $9,995 and are available for consumer purchase by application only. To learn more, go to www.tracking-point.com.

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