Tuesday, June 29, 2021

Mapped Snags Second Seed Funding

Los Angeles-based Mapped, a developer of artificial intelligence-powered software used for industrial Internet-of-Things (IoT), has raised $6.5M a second seed funding. The funding came from MetaProp and Allegion Ventures, plus Singtel Innov8, Greycroft, and ANIMO Ventures. The company said the seed II fund brings its total raised to $9.5M, including a $3M funding round in February of 2020. Mapped said its software automatically discovers, ingests, and normalizes data about people, places, and things from devices in commercial an industrial environments, and maps all that data into a single place. The startup is led by founder and CEO Shaun Cooley.