In the News

Supply Side: Nexxiot/Swift Navigation, Railmark

Nexxiot and Swift Navigation on April 15 announced a partnership to integrate Swift’s Skylark™ Precise Positioning Service into Nexxiot’s latest Globehopper device. “enabling a localization accuracy in rail operations that far exceeds the capabilities of conventional GPS solutions.”

Swift Navigation Lands Major Investment For Tech That Improves GPS

San Francisco-based Swift Navigation completed its $50 million Series E financing round, the company announced Wednesday, bringing its total capitalization to more than $250 million. The round was led by led by Crosslink Capital, with participation from existing investors NEA, Eclipse, EPIQ Capital Group, First Round Capital, Telus Global Ventures, and Potentum alongside new investors Niterra Ventures, AlTi Tiedemann Global, Grids Capital, Essentia Ventures, Shea Ventures, and Ener Tech Capital.