Swift Navigation, a San Francisco, CA-based tech company redefining GNSS, ADAS and autonomy, industrial machine control, commercial transportation, mobile and emerging mass-market applications, raised $100M in Series D funding.
The round was led by SK and Potentum Partners with participation from New Enterprise Associates (NEA), Eclipse Ventures, EPIQ Capital Group, FM Capital, OVN Capital, TELUS Ventures, TWM Venture Co., Buckley Ventures, and Schox Venture Capital.
The company intends to use the funds to accelerate growth and expand operations.
Led by Timothy Harris, Swift Navigation offers a comprehensive GNSS platform, consisting of Skylark, its global wide area, cloud-based GNSS precise positioning service, Starling, its receiver-agnostic client software positioning engine and a wide variety of both Swift and third-party compatible receiver options. Its platform works with single and multi-frequency, multi-constellation automotive and commercial-grade GNSS measurement engines and chipsets, offering companies a choice in selecting the best components for their autonomous sensor suite.
The company’s technology is also at the leading edge of improvements to mobile phone positioning, supporting new applications, such as navigation, traffic and augmented reality. Swift supports customers in tracking and improving safety across continent-wide rail networks, it provides precise position (enhanced RTK) to next generation machine control and guidance systems for agriculture, construction and robotics and a host of other applications across both emerging and traditional GNSS markets.
Customers span the globe and include automotive OEMs and Tier 1s, last-mile delivery providers, mobile handset and application providers and those building rail, industrial machine control and IoT platforms for mass-market applications.
To date, the company has raised over $200 million in funding.
FinSMEs
19/10/2022