DeepMap

Creates high-definition maps for autonomous vehicles

Palo Alto, California, United States

About DeepMap

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. The company holds several patents related to various aspects of HD map creation, including lane network construction and sensor calibration, showcasing their technical expertise in this field. DeepMap.ai differentiates itself from competitors by focusing specifically on the mapping needs of the autonomous vehicle industry and offering tailored solutions to clients such as car manufacturers and tech companies. The company's goal is to enhance the reliability and advancement of self-driving technology by ensuring that autonomous vehicles have access to precise mapping solutions.

Palo Alto, CaliforniaHeadquarters
2016Year Founded
$147.9MTotal Funding
SERIES_BCompany Stage
Automotive & TransportationIndustries
11-50Employees

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$147.85 M
Latest valuation$300.00 M
StageSERIES_B
$25
$125.00 M
$7
$35.00 M