Founder : See Below
Location : US
Target : $8,000,000
Share Type : Preferred StockBusiness Overview
The Company offers visual mapping services and map data licenses to companies who require the high levels of map accuracy and frequent map updates. Our market includes delivery companies, car sharing services, automobile manufacturers and e-commerce companies.
The Company’s important invention is an intelligent map platform automatically which produces maps using road, building, address, terrain, vehicle telemetry and satellite imagery-derived data. Very little human intervention is required to build or maintain our map data. The result is address data accurate to within +/- 3 meters of a doorway in cities. The process of producing accurate maps is very fast, requiring less than 20 hours to build a complete map of the US and similar-sized countries world-wide. Our performance compares favorably with competitors who rely on thousands of people to maintain maps or 6-12 months to produce map updates.
The Company has begun working with Verizon Wireless, one of the largest mobile phone operators in the United States, to create real-time mapping systems using Machine Learning and autonomous vehicles.
The Company’s important invention is an intelligent map platform automatically which produces maps using road, building, address, terrain, vehicle telemetry and satellite imagery-derived data. Very little human intervention is required to build or maintain our map data. The result is address data accurate to within +/- 3 meters of a doorway in cities. The process of producing accurate maps is very fast, requiring less than 20 hours to build a complete map of the US and similar-sized countries world-wide. Our performance compares favorably with competitors who rely on thousands of people to maintain maps or 6-12 months to produce map updates.
The Company has begun working with Verizon Wireless, one of the largest mobile phone operators in the United States, to create real-time mapping systems using Machine Learning and autonomous vehicles.
Transaction Overview
$10M (Round A) will be used to extend our Sales operations, Customer Support and to develop applications for autonomous vehicles.
Investment Highlight
The Company is focused on building highly accurate maps through the automated processing of complex data. It is partnered with a leading wireless telecommunications firm to build map data in the USA, and partnered with automobile navigation data providers to build map data around the world.
About Management Team
The founders have experience launching a successful geolocation startup which was acquired by Verizon in the USA. They have strong technical expertise in building technology platforms, mapping and managing extremely large data sets.
About Our Product
The main product is a service to provide visual maps for integration into websites and mobile applications. This product is very easy to integrate, quickly delivered to mobile users, and supports very large levels of user traffic.
Our secondary product is map data licenses to car services, delivery companies, automated vehicle manufacturers and drone makers who require high map accuracy for navigation. Advertisers, travel companies, automobile sellers, airlines and e-commerce companies may use our map data to build advanced consumer data analysis systems.
Today, the Company’s updates map data every month. In late 2018, the Company plans to update its mapping data every day using vehicle telemetry and mobile phone data.
Our secondary product is map data licenses to car services, delivery companies, automated vehicle manufacturers and drone makers who require high map accuracy for navigation. Advertisers, travel companies, automobile sellers, airlines and e-commerce companies may use our map data to build advanced consumer data analysis systems.
Today, the Company’s updates map data every month. In late 2018, the Company plans to update its mapping data every day using vehicle telemetry and mobile phone data.
About Industry
The visual map industry produces $7Bn in annual sales and advertising-related revenue in the US today. Map data licensing firms produce over $9Bn in additional revenue by licensing map data to vehicle manufacturers, advertisers, investment firms and insurance firms.
Financials
The Company has raised a total of $4.5M in a combination of equity and convertible notes (SAFE) from strategic investors since 2015.
About Competitor
The current market leader for visual maps is Google Maps, producing an estimated $2Bn in direct sales annually, and $5Bn in indirect advertising revenue each year.
The market leaders for map data licensing are HERE, Corelogic and Pitney Bowes who produce an estimated $9Bn annually in data licensing.
For both visual maps and map data providers, thousands of people are required to maintain map data and map updates are frequently delayed 6-12 months.
The market leaders for map data licensing are HERE, Corelogic and Pitney Bowes who produce an estimated $9Bn annually in data licensing.
For both visual maps and map data providers, thousands of people are required to maintain map data and map updates are frequently delayed 6-12 months.
Exit Strategy
Available for discussion with registered investors.
Risk Warnings
Disclosure: Investing in startups carries a high degree of risk. In general, financial and operating risks confronting both early and developmental-stage companies, as well as more mature expansion-stage companies are significant. Many emerging growth companies go out of businesses every year. It is difficult to know how companies will grow, if at all, or what changes may occur in the market. A loss of an investors entire investment is possible and no profit may be realized. Investors are responsible for conducting their own due diligence.
* It should not be assumed that recommendations made in the future will be profitable or will equal the performance of securities in this list
The main product is a service to provide visual maps for integration into websites and mobile applications. This product is very easy to integrate, quickly delivered to mobile users, and supports very large levels of user traffic.
Our secondary product is map data licenses to car services, delivery companies, automated vehicle manufacturers and drone makers who require high map accuracy for navigation. Advertisers, travel companies, automobile sellers, airlines and e-commerce companies may use our map data to build advanced consumer data analysis systems.
Today, the Company’s updates map data every month. In late 2018, the Company plans to update its mapping data every day using vehicle telemetry and mobile phone data.
Our secondary product is map data licenses to car services, delivery companies, automated vehicle manufacturers and drone makers who require high map accuracy for navigation. Advertisers, travel companies, automobile sellers, airlines and e-commerce companies may use our map data to build advanced consumer data analysis systems.
Today, the Company’s updates map data every month. In late 2018, the Company plans to update its mapping data every day using vehicle telemetry and mobile phone data.
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This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.