Swift Navigation, a leader in centimeter-accurate positioning for vehicle autonomy, robotics, and precision logistics, has completed its $50 million Series E financing round. Led by Crosslink Capital, the round also included participation from existing investors NEA, Eclipse Ventures, EPIQ Capital Group, First Round Capital, TELUS Global Ventures, and Potentum Partners, as well as new investors such as Niterra Ventures and AlTi Tiedemann Global.
While traditional Global Navigation Satellite Systems (GNSS) like GPS offer accuracy from 3 to 10 meters, Swift’s Skylark Precise Positioning Service corrects GNSS signal errors to achieve centimeter-level accuracy. Created for mass-market adoption, Skylark facilitates high-volume applications in autonomous driving, robotics, precision logistics, and V2X communication.
Skylark is the first real-time cloud-based service certified to meet ISO 26262:2018 functional safety standards for road vehicles, operating entirely in the cloud without the need for expensive physical data centers. It currently supports over 10 million ADAS-enabled and autonomous vehicles worldwide, contributing to global programs for more than 20 automotive OEMs and leading robotics companies.
This funding reflects significant market demand for Swift’s innovative technology. With this Series E funding, the company aims to expand adoption across various applications, including digital mapping and precision mobile navigation. Swift Navigation has raised over $250 million to date, advancing its mission to transform mapping and navigation with centimeter-level precision.
KEY QUOTES:
“We’re thrilled to have the support of such a strong group of investors who recognize the transformative power of precise positioning. This funding enables us to accelerate growth, expand partnerships, and continue to innovate to unlock some of the most important technologies of our time.”
Timothy Harris, Co-Founder and CEO of Swift Navigation
“Swift Navigation has built a game-changing precise positioning solution, enabling autonomy and automation at scale. Their ability to deliver reliable, safety-certified, cloud-based positioning at a fraction of the cost of legacy solutions is unlocking new commercial opportunities across multiple industries. We are proud to partner with Swift as they expand their reach and impact globally.”
Michael Stark, Managing Director and Founder of Crosslink Capital
