Mapped well capitalized for accelerated growth with investment from MetaProp, Allegion Ventures, Singtel Innov8, Greycroft, and ANIMO Ventures
Mapped, an AI-powered data infrastructure platform for commercial and industrial IoT, today announced that it closed its seed II funding round. The company raised $6.5M in seed II funding on top of the $3M raised in February 2020, taking its total raise to $9.5M. Investors include MetaProp and Allegion Ventures as co-leads, along with Singtel Innov8, Greycroft, and ANIMO Ventures. Mapped also welcomed a new member to its board, Jeanne Casey, principal, MetaProp, based in New York City. She joins existing board members Brentt Baltimore, principal, Greycroft, a Los Angeles-based venture capital firm; and Shaun Cooley, founder and CEO, Mapped. Greycroft and ANIMO Ventures invested in the platform’s previous seed funding round as well.
Combining cloud AI and intelligent edge software, Mapped automatically discovers, ingests, and normalizes data about people, places, and things from all disparate devices in commercial and industrial environments. The platform is then able to map this data into a simple ontology to help digitization teams, app developers, data scientists, systems engineers, and subject matter experts instantly access normalized live data. Founded by Shaun Cooley, former vice president and chief technology officer of IoT at Cisco, Mapped further simplifies the experience by providing one simple, secure, and reliable API, streamlining the data integration process. Mapped also gives teams the tools to seamlessly share data across systems and locations.
“Our investment into Mapped represents our continued belief that data and automation are key to unlocking the massive market opportunity of smart buildings and IoT,” says Jeanne Casey, principal at MetaProp. “We are thrilled to support Shaun and the world-class team he’s building as they scale their platform across the real estate world.”
Abstracting away historic complexities inherent in data from thousands of devices produced by hundreds of vendors, Mapped has boiled that information down into a sleek, developer-friendly API, simplifying access to information about the people, places, and things in commercial and industrial environments.
“Mapped is led by a very impressive management team with diverse technical backgrounds who have created a unique and much-needed ability to unify connected devices across commercial systems and buildings,” said Rob Martens, president of Allegion Ventures. “The software and tools Mapped is offering have an exciting opportunity to be adapted and scaled by a wide audience that wants real-time device visibility and data insights—and they also align to the Allegion Ventures focus of enabling technology to reduce friction and make buildings smarter and more secure.”
“We are grateful for the momentum we’ve achieved and the recognition Mapped has earned, and are excited to continue taking our uniquely modern approach towards abstracting the complexities of data integration to market,” said Shaun Cooley, Mapped founder and CEO. “This funding round will be used to build out go-to-market teams, strengthen our core technology, and meet increasing customer demand as we continue to scale. Our customers see Mapped as filling a highly-anticipated need through our simple, secure, and reliable API, which is especially vital now as the public settles into a new post-pandemic normal. Commercial buildings need to be increasingly competitive in today’s marketplace, and Mapped provides the capability for a convenient and elevated experience within those physical spaces. The fully automated Mapped data pipeline significantly reduces time-to-value for both commercial and industrial enterprises.”
To learn more about Mapped, as well as access use cases or to sign up for a beta trial, visit https://www.mapped.com/.
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