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Mapfit Secures $5.5 Million in Seed Funding

Mapfit Secures $5.5 Million in Seed Funding
Credit: mapfit.com

On the heels of its map platform launch, Mapfit closed its $5.5 million seed funding round. The funding comes from global technology entrepreneurs and investors including Cavalry Ventures (DeliveryHero), Weihua Yan (Diapers.com, Quidsi), Roderick Thompson (ePlanet Capital, Baidu, Skype), Auren Hoffman (Safegraph, Liveramp), Daniel Waterhouse (Balderton), Jeroen Seghers (Sourcepoint), Matias de Tezanos (Hoteles.com, PeopleFund), and Joost de Valk (Yoast).

The company’s platform provides websites and iOS and Android app developers with continuously-updated fast vector map serving and accurate geocoding. By ingesting imagery, telemetry, and spatial data sets, autonomously maintaining the locations of billions of map data points, the platform processes map updates for very large countries on a daily basis, and with limited human supervision. They are made available to developers through Mapfit’s APIs, SDKs and vector map server.