Mapillary has raised $15M in Series B funding in the latest push to scale smart map data collection. The round is led by BMW i Ventures, with participation by Samsung Catalyst Fund and NavInfo together with existing investors including Atomico and Sequoia Capital.
The startup already maintains the world’s largest street-level imagery dataset at over 260 million images and serves stakeholders in mapping, cities and automotive that are looking to create and update map data through the use of computer vision.
Built to ensure a transparent and scalable way of updating maps and recently HD automotive maps, Mapillary currently serves 22bn map objects in over 190 countries, with clients ranging from the Volkswagen Group and mapping giant HERE, to entire countries and NGOs such as Lithuania and The Red Cross. Mapillary’s collaborative platform allows anyone to contribute street-level images captured with any camera, with Mapillary’s computer vision technology being used to connect the images and automatically extract map data. The technology is increasingly interesting to the automotive industry, as the global market for driverless cars is set to surge to $127bn by 2027.
Mapillary is headquartered in Malmö, Sweden, and has a deep learning lab in Graz, Austria. The company has previously raised $9.5m in venture capital from some of the world’s most experienced investors, including Atomico and Silicon Valley-based Sequoia Capital, bringing the total amount of capital raised to $24.5m