Home / Technology / Mapillary raises $15 million to spice up its virtual mapping for self-driving cars

Mapillary raises $15 million to spice up its virtual mapping for self-driving cars

Sweden-based Mapillary introduced lately that it has raised a brand new spherical of financing to boost up its building of an impartial mapping knowledge machine for self sustaining cars.

Mapillary creates a database of street-level photographs after which makes use of its laptop imaginative and prescient generation to investigate the knowledge contained in the ones photographs. That’s a large enterprise, however Mapillary is already seeing its knowledge utilized by companions such because the Volkswagen Workforce and mapping provider HERE.

The $15 million spherical used to be led via BMW i Ventures and contains cash from the Samsung Catalyst Fund and NavInfo, in addition to cash from earlier backers Atomico and Sequoia Capital.

“There’s a rising want for an impartial supplier of street-level imagery and map knowledge, which additionally acts as a sharing platform amongst other avid gamers,” stated Uwe Higgen, managing spouse of BMW i Ventures, in a commentary. “Knowledge sharing is the most important to keeping up correct maps and to the advance of secure self sustaining cars. Mapillary has made nice growth and constructed generation that may let everybody replace maps in a scalable method.”

The corporate is founded in Malmö, Sweden and in addition has an R&D facility in Graz, Austria. Mapillary is a collaborative platform that crowdsources its imagery from customers who obtain its app and take street-level footage with their smartphones. The ones are then shared into Mapillary’s machine, the place the pc imaginative and prescient generation breaks them down into gadgets and information.

This knowledge is an increasing number of vital to firms which might be creating self-driving cars.

The brand new investor staff provides substantial revel in and perception into handing over map knowledge and integrating it into HD and common maps, which Mapillary cofounder and CEO Jan Erik Solem says will assist the corporate ramp up its automotive-specific integrations:

“The sector remains to be simply scratching the skin of self sustaining using, and we all know that the call for for a collaborative platform that works throughout other programs and maps will likely be frequently rising as self sustaining vehicles hit the streets in expanding numbers,” stated Solem in a commentary. “That’s the platform we’ve been development since we began out in 2013, and our new buyers’ experience in each the automobile business and map knowledge distribution will assist us realise Mapillary’s world doable within the coming years.”

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