Mapillary secures $15M in a round led by BMW and supported by existing investors.

Sweden Investments 12 April 2018
Share on FacebookShare on Twitter

Mapillary, a Malmö, Sweden-based company providing digital mapping services for self-driving vehicles, announced closing in a $15M investment round.

The financing was led by BMW i Ventures, with participation from Samsung Catalyst Fund and NavInfo together with previous investors Atomico, Sequoia, PlayFair, and LDV Capital.

The money will be used to expanding the team to handle the growing scale of the operations and to enhance the core technology and infrastructure.

Mapillary, founded in 2013 by CEO Jan Erik Solem, started as a service for crowdsourced photos in order to create an open and more intelligent version of Google’s Street View. Now the company manages a platform for extracting map data from a database of 260 million street-level images and uses its computer vision technology to analyze the data contained in those images.

The scale of Mapillary’s operations has grown to serve over 22 billion map objects in 190 countries to an increasing number of organizations and customers in mapping, cities, and automotive, including the Volkswagen Group and mapping service HERE. The company is based in Malmö, Sweden and also has an R&D facility in Graz, Austria.

Prior to this deal, Mapillary raised $9.5M in capital investment.