Swift Navigation Raises $100 Million Series D Financing Round to Bring Safe and Precise Navigation to Every Vehicle on the Planet
Summary
The Series D Round was led by SK Inc. and Potentum Partners with strong support from Swifts existing investors, including New Enterprise Associates (NEA), Eclipse Ventures and EPIQ Capital Group. Tim and his team have built an impressive business and we are thrilled to be a part of it.Since its Series C Round of financing, Swift has refined its global, centimeter-accurate precise positioning service and expanded its coverage across continents to meet the needs of an on-demand economy requiring higher levels of autonomy. Swifts 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.Skylark is now a global network, delivering real-time, secure and highly-available precise location data across the contiguous U.S., Europe, Japan, South Korea, Australia and a growing number of countries worldwide, including Canada and Taiwanto deliver absolute positioning at the continental scale required by todays safety-critical applications. Skylark has been independently against other CORS (Continuously Operating Reference Station) networks as providing the highest levels of safety, accuracy and availability.Recognizing that each industry uses precise positioning differently, Swift has built specific software and receiver platforms for each applicationfrom automotive to mobile to industrial machine controlto solve the unique problems that precision location poses for them.Swifts technology is also at the leading edge of improvements to mobile phone positioning, supporting new applications, such as navigation, traffic and augmented reality. Swifts technology is trusted by users across industries, enabling safer driving, improving efficiency for last-mile delivery and commercial transport operations, increasing accuracy for mobile devices and creating new possibilities for rail, robotics and machine control.