- Colin Beighley, 27; Timothy Harris, 29; Fergus Noble, 28
The GPS devices available on the mass market today are accurate only to within a few yards--usually enough for people to find the nearest restaurant or coffee shop. But Swift Navigation realized that for many industries working toward a more automated future, a few yards is too much. The technology that allows for inch-level precision has been around for almost 20 years but only at a prohibitive cost for most consumer applications. So in 2012, Swift set out to create a high-precision GPS device that would go for less than $500, and by 2014 it had launched its first product, Piksi. The startup went on to raise a total of $13.6 million from venture capital firms in two rounds of funding to support it growth. The capital inflow has also helped Swift develop new products (two of which will be coming out later this year) that can facilitate a wide-range of applications. Swift's main focus is currently in the automated vehicle industry and in creating products that will help advance the goal of decreasing automotive-related deaths to zero.
Note: All data as of 1/31/16