Swift Navigation, a San Francisco, CA-based tech company building centimeter-accurate GPS technology to power autonomous vehicles, raised $34m in Series B financing.
The round was led by Forest Baskett and Greg Papadopoulos of New Enterprise Associates (NEA), with participation from existing investors Eclipse and First Round Capital.
The company, which has raised a total of $47.6m in total funding, intends to use the funds to take customer deployments to scale while growing its team and investing in core engineering and R&D. It looks forward to introducing additional next-generation products in 2017.
Founded in 2012 by Timothy Harris, CEO, Swift Navigation focuses on building precise Global Navigation Satellite Solutions (GNSS) to over 2,000 customers—including autonomous vehicles, precision agriculture, unmanned aerial vehicles (UAVs), robotics, maritime, transportation/logistics and outdoor industrial applications.
Swift’s products include Piksi® Multi, a multi-band, multi-constellation, high-precision GNSS receiver that enables convergence times measured in seconds, not minutes and delivers enhanced availability even in the most challenging environments, such as urban canyons, and Duro™, a ruggedized version of Piksi Multi, which can withstand submersion in a meter of water and is protected against weather, extreme temperatures, moisture, dust and other environmental challenges that can occur in long-term outdoor deployments.
FinSMEs
28/06/2017