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Swift Navigation

Swift Navigation

Provides centimeter-level precision positioning technology

About

Swift Navigation offers a precise positioning technology platform that enhances location accuracy from several meters to centimeter-level, utilized across various industries for safer driving, last-mile delivery efficiency, commercial transport operation, mobile device accuracy, and applications in rail, robotics, and machine control. The company's ecosystem includes the Starling positioning engine, Skylark precise positioning service, and a range of RTK receivers such as Piksi Multi, Piksi Multi Inertial, Duro, and Duro Inertial, providing centimeter-level accuracy at an affordable price.

Company Stage

Series D

Employees

51-200

Industries

Robotics & Automation, Automotive & Transportation, Consumer Software

Total Funding

$197.8M

Headquarters

N/A

Founded

2012


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Simplify's Take

What believers are saying

  • The $100 million Series D financing round provides significant capital for innovation and expansion.
  • Partnerships with industry leaders like SK Telecom and STMicroelectronics position Swift Navigation for accelerated deployment and market penetration.
  • The launch of a Partner Program indicates a strategic move to scale their precise positioning technologies across various industries.

What critics are saying

  • The competitive landscape in GNSS and precise positioning technologies is intense, requiring continuous innovation to stay ahead.
  • Dependence on partnerships for market expansion could pose risks if any collaborations face challenges or dissolve.

What makes Swift Navigation unique

  • Swift Navigation specializes in precise positioning technologies, setting it apart from broader GNSS providers.
  • Their focus on AI-powered location-based products, particularly in partnership with major telecom companies like SK Telecom, gives them a unique edge in the market.
  • Swift Navigation's extensive partner ecosystem, including collaborations with Calian, Danfoss, and STMicroelectronics, enhances their technological capabilities and market reach.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-13%

2 year growth

-2%

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