secures Series B funding of $21 Mn led by Mirae Asset

Date: 2022-05-24   Author: Saipriya Iyer  Category: #news secures Series B funding of $21 Mn led by Mirae Asset

Spatial data and mapping platform has reportedly secured a Series B funding of USD 21 million initiated by Mirae Asset Venture Investments. Current investors Alphawave, Lightspeed, and Microsoft’s venture arm M12 also participated in this funding round.

As part of the extended Series A round in 2021, secured a further USD 6.25 million. Since its founding in 2020, the Singapore-based company has obtained USD 34 million.

This funding will be used to expedite its presence worldwide and expand into Europe and North America. In addition, the proceeds will be used to build and manage stacks of decentralized geospatial technology for enterprises. powers enterprises to develop, upscale, and manage their spatial data ecosystems. Its AI-powered SDKs and APIs assist enterprises in managing petabyte-scale spatial data. The company backs more than 30 customers across 20 countries and manages billions of API calls every month.

The solutions offered by are used across a variety of industries including food delivery, ride-hailing, logistics, and big-tech industries. Its Co-Founders- Shaolin Zheng, Ajay Bulusu, and Gaurav Bubna- have also developed the spatial data platform for the Southeast-Asian super-app Grab.

The company claims to have seen a 4x growth in year-on-year revenue and ten times growth in consumer base. It also intends to thrive another 4x through this year. The company has offices in India and the United States and Mapbox and Google Maps are some of its competitors.

In other news, partners with Otonomo Technologies to offer a range of logistics and mobility use cases across a variety of industries.

By consolidating technologies and data, and Otonomo can allow solutions in various areas including parking space identification, custom routing, and real-time incident detection.

Otonomo will process and provide the global embedded data and make it available within’s platform to aid businesses in catering to modern mobility demands.

Source credit:

About Author

Saipriya Iyer linkdin-boxtwitter

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

Post Recommendents

Cardiac Resynchronization Therapy (CRT) Devices Market to 2026 - Growth Trends and Revenue Statistics

Author: Rahul Varpe

A highly analytical qualitative as well as quantitative evaluation of the Cardiac Resynchronization Therapy (CRT) Devices Market has been covered in this report. The study evaluates the myriad aspects of this industry by taking into consideration ...

Medical Products Market Growth Rate, Revenue and Demand Analysis to 2026

Author: Rahul Varpe

An extremely definite evaluation of the Medical Products Market in terms of qualitative as well as quantitative analysis has been covered in this report. The myriad aspects of this industry, having considered its historical and forecast data have ...

Intensive Care Beds Market - Geography Insights and Opportunity Analysis to 2026

Author: Rahul Varpe

The latest study provides an in-depth analysis of the Intensive Care Beds Market focusing on various market definitions, segmentations, sub-segmentations, products, as well as applications. The report further details of the competitive landscape &...