Insider Brief
- Swift Navigation has raised $50 million in Series E funding to expand the global adoption of its centimeter-accurate Skylark™ satellite positioning service.
- Skylark™ is a cloud-based GNSS correction service that delivers ISO 26262-certified, real-time positioning for over 10 million autonomous vehicles, robots, and IoT devices.
- The round was led by Crosslink Capital with participation from new and existing investors, bringing Swift’s total funding to over $250 million.
PRESS RELEASE — Swift Navigation, the leader in centimeter-accurate positioning for vehicle autonomy, robotics, and precision logistics, today announced the completion of its $50 million Series E financing round. Led by Crosslink Capital, the round saw strong participation from existing investors NEA, Eclipse, EPIQ Capital Group, First Round Capital, TELUS Ventures, and Potentum Partners alongside new investors Niterra Ventures, AlTi Tiedemann Global, GRIDS Capital, Essentia Ventures, Shea Ventures, and EnerTech Capital. This funding brings Swift Navigation’s total capital raised to over $250 million, fueling its mission to revolutionize how we map and navigate the world with centimeter-level precision.
Traditional Global Navigation Satellite Systems (GNSS), such as GPS, provide positioning with an accuracy range of 5 to 10 meters. Swift’s Skylark™ Precise Positioning Service is a cloud-based GNSS corrections service that improves accuracy by 100x—to centimeter level—by correcting errors in GNSS signals. Skylark is the only precise positioning service purpose-built to enable mass market adoption of high-precision GNSS by unlocking high-volume applications in autonomous driving, robotics, precision logistics, and V2X communication.
The First Real-Time Cloud-Based Service ASIL-Certified for Functional Safety
Skylark is the first and only real-time, cloud-based service of any kind certified to meet ISO 26262:2018 functional safety standards for road vehicles. Unlike other ASIL-certified positioning solutions, which rely on costly physical data centers, Skylark operates entirely in the cloud. This scalable architecture delivers high-integrity, safety-certified positioning at a fraction of the cost of competing solutions.
Today, Skylark powers more than 10 million ADAS-enabled and autonomous vehicles worldwide and supports global programs for 20+ automotive OEMs and Tier 1 suppliers, top robotics companies, and one of the world’s largest commercial fleet operators.
Investor Confidence in Swift’s Proven Ability to Unlock Mass Market Applications
This investment reflects strong market demand for Swift’s innovative approach to precise positioning. Unlike traditional precise positioning technologies, Skylark leverages proprietary advanced atmospheric modeling, a cloud-based architecture, carrier-grade networks, and ecosystem-driven design to deliver unmatched reliability, safety, and cost efficiency at scale.
“We’re thrilled to have the support of such a strong group of investors who recognize the transformative power of precise positioning,” said Timothy Harris, Co-Founder and CEO of Swift Navigation. “This funding enables us to accelerate growth, expand partnerships, and continue to innovate to unlock some of the most important technologies of our time.”
“Swift Navigation has built a game-changing solution for high-precision positioning, enabling autonomy and automation at scale,” said Michael Stark, Managing Director and Founder of Crosslink Capital. “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.”
Expanding the Reach of Precise Positioning
With this Series E funding, Swift will drive further adoption in and beyond ADAS, autonomy, robotics, and precision logistics. The company’s groundbreaking technology has applications in low-cost, high-accuracy digital mapping, precision mobile navigation, and V2X communication.
For more information on Swift Navigation’s Skylark™ Precise Positioning Service, visit www.swiftnav.com/skylark.
