Overview

DeepMap.ai specializes in creating high-definition (HD) maps that are essential for the navigation and operation of self-driving cars. Their HD maps help autonomous vehicles navigate safely and efficiently by providing accurate and up-to-date information about the environment. DeepMap.ai holds several patents related to the creation and management of these maps, which showcases their technical expertise in the field. The company generates revenue by licensing its mapping technology, offering subscription-based access to its services, and providing custom mapping solutions tailored to client needs. Unlike competitors, DeepMap.ai focuses specifically on the mapping capabilities required for autonomous vehicles, making it a crucial player in the advancement of self-driving technology.

Simplify's Take

What believers are saying

• Collaboration with NVIDIA enhances mapping solutions using AI and hardware expertise.
• RoadMemory's launch indicates scalable, cost-effective mapping solutions attracting broader clients.
• Inclusion in Forbes AI 50 boosts visibility and attractiveness to investors.

What critics are saying

• Competition from Google and Apple threatens DeepMap's market share.
• Nvidia acquisition may impact client relationships and business model.
• Reliance on crowd-sourced data poses challenges in data accuracy and reliability.

What makes DeepMap unique

• DeepMap specializes in high-definition maps for autonomous vehicles, crucial for navigation.
• The company holds several patents in HD map creation and data processing.
• DeepMap's RoadMemory service offers scalable, crowd-sourced mapping solutions.

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Funding

Total Funding

$147.9M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Andreessen HorowitzAccel

Notable Investors:

Andreessen HorowitzAccel

$60,000,000

Series B

Nov 2018

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$60M

$65M

$100M

View all funding stages