Swift Navigation Raises $100 Million Series D Financing Round To Bring Safe And Precise Navigation To Every Vehicle On The Planet

Oct 18, 2022•almost 3 years ago

Amount Raised

$100 Million

Round Type

series d

San Francisco

Description

Swift Navigation, a San Francisco-based tech firm redefining GNSS (Global Navigation Satellite System) and precise positioning technology for automotive ADAS (advanced driver-assistance systems) and autonomy, industrial machine control, commercial transportation, mobile and emerging mass-market applications, today announced that it has completed a $100 million financing round. The Series D Round was led by SK Inc. and Potentum Partners with strong support from Swift’s existing investors, including New Enterprise Associates (NEA), Eclipse Ventures and EPIQ Capital Group. The Series D Round included new investors: FM Capital, OVN Capital, TELUS Ventures, TWM Venture Co., Buckley Ventures, Schox Venture Capital and additional independent investors

Company Information

Company

Swift Navigation

Location

San Francisco, California, United States

About

Swift Navigation is changing the way we navigate and understand our planet. Swift’s precise positioning technology platform improves location accuracy from several meters to centimeter-level and is used by millions of devices across the globe. Swift’s technology is trusted by users across industries, enabling safer driving, improving efficiency for last-mile delivery and commercial transport operation, increasing accuracy for mobile devices and creating new possibilities for rail, robotics and machine control. Swift Navigation, Inc. has been redefining GNSS positioning technology since 2012. What began as the industry’s first low-cost, high-accuracy, real-time kinematic (RTK) receiver has evolved into an ecosystem of GNSS positioning solutions for autonomous applications. The Starling® positioning engine is an integrated software solution for precise positioning while the Skylark™ precise positioning service delivers cloud-based GNSS corrections across continents—eliminating traditional geographical restrictions. Piksi® Multi, Piksi Multi Inertial, the ruggedized Duro® and Duro Inertial RTK receivers deliver centimeter-level accuracy at an affordable price.

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