Swift Navigation Secures $50 Million in Series E Funding to Push Boundaries in Accurate Positioning Technologies
Swift Navigation Secures $50 Million in Funding for Global Expansion of Precision Positioning Technology
Swift Navigation, a leading innovator in precise mobile navigation and digital mapping technology, has announced the completion of a $50 million Series E financing round. This significant investment will enable the company to expand its technology across various applications, including digital mapping, precision mobile navigation, autonomous driving, robotics, and precision logistics.
Timothy Harris, Co-Founder and CEO of Swift Navigation, expressed his excitement about the support from a strong group of investors, including Crosslink Capital, NEA, Eclipse Ventures, EPIQ Capital Group, First Round Capital, TELUS Global Ventures, Potentum Partners, Niterra Ventures, and AlTi Tiedemann Global. Michael Stark, Managing Director and Founder of Crosslink Capital, stated that Swift Navigation has built a game-changing precise positioning solution.
At the heart of Swift Navigation's technology is the Skylark Precise Positioning Service, a cloud-powered GNSS correction system that delivers real-time, centimeter-level accuracy by correcting GPS and other GNSS signal errors using advanced atmospheric modeling and carrier-grade networks. This service eliminates the need for costly ground infrastructure, making deployment easier and more scalable across various applications.
Key applications and advancements of Swift Navigation's technology include vehicle autonomy, robotics, and precision logistics. Skylark is the first and only real-time, cloud-based positioning service certified to the automotive safety standard ISO 26262:2018 (ASIL-certified). This certification enables safe and precise operation of advanced driver-assistance systems (ADAS) and autonomous vehicles globally, ensuring reliable vehicle localization critical for autonomy.
In the realm of robotics, the technology provides centimeter-accurate positioning with extended baselines and automatic failover, supporting robotic devices such as lawnmowers and surveying drones. The precision and reliability allow robots to operate as intended even in challenging environments without manual intervention.
For precision logistics and fleet management, Skylark optimizes "last mile" and "final inch" logistics by offering a cost-effective, battery-optimized positioning solution compatible with a wide range of GNSS hardware. This supports efficient fleet tracking and management, especially for battery-powered delivery drones and mobile robots.
Recent developments have seen Swift Navigation partner with Taiwan Mobile to bring Skylark to the Taiwanese market, targeting automotive, robotics, and fleet management industries, representing a major step in scaling this technology internationally.
The funding will accelerate Swift Navigation's growth, expand partnerships, and continue innovation in centimeter-accuracy positioning technology. Swift Navigation's Skylark Precise Positioning Service is a testament to the transformative power of precise positioning, unlocking new commercial opportunities across multiple industries.
[1] Swift Navigation Press Release [2] Taiwan Mobile Press Release [3] Swift Navigation Blog Post [4] Crosslink Capital Press Release [5] NEA Press Release
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