KUALA LUMPUR, Feb 10 -- Swift Navigation has raised a US$50 million Series C round of financing to accelerate global consumer adoption of automotive safety and precise navigation applications. (US$1 = RM4.045)
In a statement, the San Francisco-based tech firm said it has raised a total of US$97.6 million in funding, to date.
The funding was led by existing investors - Forest Baskett and Greg Papadopoulos of New Enterprise Associates (NEA), Eclipse Ventures - and new investors including EPIQ Capital Group and KDDI Open Innovation Fund.
Swift plans to use its latest round of funding to scale customer deployments and continue worldwide expansion.
Swift offers a comprehensive Global Navigation Satellite System (GNSS) platform, delivering absolute positioning at the continental scale required by today’s safety-critical autonomous applications.
The precision GNSS solutions improve last-mile operations, allowing fleet managers to optimise delivery routes, minimise fuel and operational costs and crowd-source information to reduce delays.
In addition, the highly accurate positioning technology is easily integrated into leading mobile devices and platforms, enhancing location-driven mobile applications.
-- BERNAMA
No comments:
Post a Comment