Computer Business Review

Swift Navigation raises $2.6m to expand the use of ultra-precise GPS system

by CBR Staff Writer| 22 August 2014

Swift’s budget chip is designed to be used in a wide range of products.

US-based chipmaker Swift Navigation has raised $2.6m in a round of funding led by First Round Capital to expand the product offering, as well as expand the usage of its low cost GPS module in new range of devices.

Swift has developed a new GPS module named Piksi, which is said to offer centimetre-accurate GPS that can be used in a wide range of applications including drones, construction applications and agriculture.

The new module costs much less compared to chips with the same level of accuracy, because Swift has used low cost components to develop the module.

The chip also uses Real Time Kinematic, a technique used to enhance the capability of the chip to position data derived from GPS.

The company said that the chip measures 1.5"" x 1.5"", just like other modules but it provides better details.

The chip is sold for $975 to $10,000, and the company's $500 chip can be used for drone navigation and agriculture automation.

Swift was started fund raising through Kickstarter campaign in 2013, and now it has sold more than 1,000 modules, reported TechCrunch.

Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

777 people like this.
2119 people follow this.


Suppliers Directory

Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.