Swift Navigation, a San Francisco, CA-based startup building accurate GPS technology that will power autonomous vehicles, raised $11m in Series A funding.
The round was led by Lior Susan and Pierre Lamond of Eclipse Ventures, with participation from New Enterprise Associates, Promus Ventures, First Round Capital, Felicis Ventures, Fall Line Capital, Qualcomm Ventures and Lemnos Labs. In conjunction with the funding, Lior Susan joined Swift Navigation’s Board of Directors.
The company, which has raised a total of $13.6m, plans to use the funds to scale while growing its team, and investing in core engineering and R&D.
Led by Tim Harris, CEO, Swift Navigation provides accurate Real Time Kinematics GPS positioning technology for unmanned aerial vehicles (UAVs), precision agriculture, self-driving cars, robotics, surveying, etc.
Following over 1,200 customers for its first product, Piksi™, The company looks forward to introducing two next generation products in 2016.