Swift Navigation mentioned its expertise can be utilized in a variety of robotics, together with autonomous lawnmowers, agricultural robots, supply robots, drones, and extra. | Supply: Swift Navigation
Swift Navigation, a developer of centimeter-level positioning expertise for automobile autonomy, robotics, and precision logistics, this week mentioned it has raised $50 million in a Sequence E financing spherical. This spherical brings the corporate’s whole funding thus far to $250 million.
“We’re thrilled to have the help of such a powerful group of buyers who acknowledge the transformative energy of exact positioning,” said Timothy Harris, co-founder and CEO of Swift Navigation. “This funding allows us to speed up progress, broaden partnerships, and proceed to innovate to unlock a number of the most vital applied sciences of our time.”
Conventional world navigation satellite tv for pc programs (GNSS), comparable to GPS, present positioning with an accuracy vary of three to 10 m (9.8 to 32.8 ft.). Swift mentioned its Skylark Exact Positioning Service is a cloud-based service that corrects errors in GNSS indicators.
The corporate claimed that this permits it to supply positioning accuracy to the centimeter degree. Skylar is purpose-built to allow mass-market adoption of high-accuracy GNSS by unlocking high-volume purposes in autonomous driving, robotics, precision logistics, and V2X (vehicle-to-everything) communication.
How Skylark stands aside from conventional GNSS
Swift Navigation mentioned its newest financing displays robust market demand for the corporate’s progressive method to express positioning. In contrast to conventional positioning applied sciences, Skylark makes use of superior atmospheric modeling, cloud-based structure, carrier-grade networks, and ecosystem-driven design to ship reliability, security, and price effectivity at scale.
Skylark is a real-time, cloud-based service, licensed to fulfill ISO 26262:2018 useful security requirements for highway automobiles. In contrast to different ASIL-certified positioning options, which depend on pricey bodily knowledge facilities, Skylark operates solely within the cloud.
At this time, the corporate mentioned Skylark powers greater than 10 million ADAS (superior driver-assist system)-enabled and autonomous automobiles worldwide and helps world applications for over 20 automotive OEMs and Tier 1 suppliers, high robotics corporations, and one of many world’s largest industrial fleet operators.
Swift Navigation to drive adoption past ADAS
Crosslink Capital led Swift Navigation’s Sequence E spherical, which included participation from current buyers NEA, Eclipse Ventures, EPIQ Capital Group, First Spherical Capital, TELUS International Ventures, and Potentum Companions. It additionally included new buyers Niterra Ventures, AlTi Tiedemann International, GRIDS Capital, Essentia Ventures, Shea Ventures, and EnerTech Capital.
With this Sequence E funding, Swift mentioned it is going to drive additional adoption in and past ADAS, autonomy, robotics, and precision logistics. The corporate’s expertise has purposes in low-cost, high-accuracy digital mapping, precision cellular navigation, and V2X communication.
“Swift Navigation has constructed a game-changing exact positioning answer, enabling autonomy and automation at scale,” mentioned Michael Stark, founder and managing director of Crosslink Capital. “Their potential to ship dependable, safety-certified, cloud-based positioning at a fraction of the price of legacy options is unlocking new industrial alternatives throughout a number of industries. We’re proud to accomplice with Swift as they broaden their attain and influence globally.”
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