Hivemapper

Decentralized mapping network using dashcams

Palo Alto, California, United States

About Hivemapper

Hivemapper operates in the mapping and geospatial data industry by creating a decentralized mapping network. This network allows individuals to contribute to a global map using their dashcams, capturing and uploading map data. Contributors are rewarded with economic incentives for their efforts, making it beneficial for both the contributors and the company. Hivemapper serves various clients, including logistics companies, insurance firms, local governments, and social media organizations, who use its Map Image API to access current geospatial data for applications like route optimization and urban planning. Unlike traditional mapping services, Hivemapper's permissionless model enables anyone with an approved dashcam to contribute data, ensuring diverse and comprehensive map coverage. The company's goal is to provide a continuously updated and cost-effective mapping resource that meets the needs of various industries.

Palo Alto, CaliforniaHeadquarters
2015Year Founded
$20.3MTotal Funding
SERIES_ACompany Stage
Data & Analytics, Automotive & TransportationIndustries
11-50Employees

Risks

Competition from Google Maps and Apple Maps threatens market share.
Cryptocurrency incentives pose risks due to market volatility.
Privacy concerns over dashcam data could lead to regulatory scrutiny.

Differentiation

Hivemapper uses a decentralized network for map data collection via dashcams.
Contributors are economically incentivized, enhancing data freshness and accuracy.
The Map Image API serves diverse industries with up-to-date geospatial data.

Upsides

Expansion into Japan and partnerships indicate growing interest in decentralized mapping.
Bee Maps launch enhances Hivemapper's competitive edge with sophisticated mapping technology.
New commercial fleet product meets demand for real-time mapping in logistics.