Hivemapper raises $18 million to create decentralized mapping network (by Quinnishvili)
Hivemapper has raised $18 million in funding from investors in a round led by Multicoin Capital.has raised $18 million in a Series A funding round.
Investment firm Multicoin Capital led the round, with participation from Craft Ventures, Solana Capital, Shine Capital, Spencer Rascoff’s 75 and Sunny Ventures — as well as previous investors Spark Capital, Founder Collective and Homebrew.state of the art” maps that are “constantly evolving.” Tech giants such as Google, Apple and Alibaba currently dominate the digital mapping market, which — according to Hivemapper — is worth about $300 billion.last week that the US Justice Department had “breathed new life” into an investigation into Google Maps and alleged anti-trust violations.
“This causes cascading logistical, municipal, and political problems. However, maps have the potential to be near real-time. An open-source, community-owned map is the only way to continuously construct a living, breathing, ever-updating view of our world,” he said.
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