Swift Navigation raises US$50 million in latest funding round

LinkedIn +

Swift Navigation, a San Francisco-based tech firm specialising in global navigation satellite system (GNSS) and precise positioning technology, has completed a US$50 million Series C round of financing, taking total funding raised to date to US$97.6 million.

Swift offers a comprehensive GNSS platform, consisting of the receiver-agnostic Starling software positioning engine that integrates with the automotive sensor suite and pulls centimeter-accurate location corrections from Skylark – Swift’s wide-area, cloud-based GNSS precise positioning service that delivers real-time, secure and highly-available location data across the contiguous US, Europe, Japan, South Korea, Australia and a growing number of countries worldwide – to deliver absolute positioning at the continental scale required by safety-critical autonomous applications.

Swift’s platform enables automotive OEMs and AV developers to easily integrate precise positioning and high-confidence location features into their latest vehicles. Swift’s precision GNSS solutions improve last-mile operations, allowing fleet managers to optimize delivery routes, minimize fuel and operational costs and crowd-source information to reduce delays. The company says its highly accurate positioning technology is easily integrated into leading mobile devices and platforms, enhancing location-driven mobile applications. Swift Navigation’s cloud-based architecture allows mobile devices and vehicles to achieve lane-level location accuracy without geographic restrictions and with the utmost privacy and security.

Swift says it plans to use its latest round of funding to scale customer deployments and continue its worldwide expansion:

“In the past few years, Swift Navigation has expanded across the globe, offering an ever-expanding service that is scalable to service millions of users,” said Greg Papadopoulos, PhD, venture partner at NEA, which led the latest round.

“We are grateful to have an amazing investor base behind us who support our mission of enabling more efficiency and integrity in navigating the world,” added Timothy Harris, co-founder and CEO of Swift Navigation. “It is with their support that we were able to scale our customers’ autonomous and navigation applications globally. Thank you to NEA, Eclipse, EPIQ and KDDI for sharing our vision of the importance of precision navigation in moving people, packages and vehicles more safely around the globe.”

Share this story:

About Author

mm

With over 20 years experience in editorial management and content creation for multiple, market-leading titles at UKi Media & Events (publisher of Autonomous Vehicle International), Anthony has written articles and news covering everything from aircraft, airports and cars, to cruise ships, trains, trucks and even tires!

Comments are closed.