Velocity alumni MappedIn raises $8.6 million
MappedIn continues to forge a path on its mission to make indoor maps ubiquitous.
The company’s inception dates back more than a decade when CEO and founder Hongwei Liu was an engineering student at the University of Waterloo. Its beginnings were bolstered through $25,000 Velocity funding in 2011.
The Waterloo-based company intends to use the money to grow its team and expand into new industries with a mission to enable “one map everywhere.”
While most are familiar with outdoor mapping services to successfully navigate unfamiliar spaces, MappedIn allows users to map the indoors — from retail spaces and entertainment venues to offices, malls, airports and campuses — for wayfinding, public safety, private security, and other needs. Its platform automates and simplifies traditional mapping and allows users to build indoor maps with pre-built applications, and developer tools and custom resources.
Coinciding with the funding, which was led by San Diego-based Channel Equity Partners, MappedIn also welcomed a new board member, James Killick, whose career boasts nearly 40 years in the geospatial industry.
“With (Channel Equity Partners) and James Killick at the table, I’ve never been more excited to go to work every day and build towards One Map Everywhere. The team at Mappedin has done a lot with relatively little historically – now it’s time to show what we can really do,” Hongwei said in a release.