Advanced Navigation, a leader in navigation and autonomous systems, announced it has successfully raised $110 million in a Series C funding round. The raise marks a shift in the global autonomy race
Advanced Navigation, a leader in navigation and autonomous systems, announced it has successfully raised $110 million in a Series C funding round. The raise marks a shift in the global autonomy race as national demand for alternative Positioning, Navigation, Timing (PNT) technologies reaches an all-time high.
The round was led by Airtree Ventures, with participation from Quadrant Private Equity and the National Reconstruction Fund Corporation (NRFC). These investors join a cohort of existing backers including Main Sequence, KKR, In-Q-Tel, Alpha Intelligence Capital, The Hon. Malcolm Turnbull AC and OIF Ventures.
“As autonomous vehicles scale into contested and high-stakes frontiers, the world’s reliance on any single navigation technology has evolved from a technical limitation into a systemic vulnerability," said Chris Shaw, CEO and co-founder. "To power the next generation of autonomous systems, Advanced Navigation is combining deep learning software with high-precision hardware to help systems conquer the extremes across sea, land, air and space.”
This “Hard Tech” approach to navigation has made the company a partner to the world’s largest defense and technology giants, including Anduril, National Oceanic and Atmospheric Administration (NOAA), Hanwha, BHP, Rheinmetall and Intuitive Machines. Following a year of triple-digit growth, the company is accelerating its global
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