KDDI Open Innovation Fund has thrown its weight behind Swift Navigation, a global positioning technology developer already backed by Qualcomm Ventures.
US-based precise positioning technology developer Swift Navigation has obtained $50m in a series C round featuring KDDI Open Innovation Fund, an investment vehicle for telecommunications firm KDDI.
New Enterprise Associates (NEA) led the round, while Eclipse Ventures and Epiq Capital Group also contributed funds.
Founded in 2012, Swift Navigation markets a suite of centimetre-accurate global positioning system technologies for autonomous vehicles and applications, including hardware-agnostic cloud-based software and receivers.
The latest cash injection will enable Swift to drive international expansion…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
