Mapped Company Profile

Background

Founded: 2019
Headquarters: El Segundo, California, USA
Industry: Business/Productivity Software, Database Software
Website: www.mapped.com

Mapped is an AI-powered data infrastructure platform designed to streamline the digital transformation of commercial and industrial spaces. The company's mission is to automate the discovery, extraction, and normalization of data from building systems, sensors, devices, and vendor APIs, thereby enabling seamless access to real-time data. By creating a unified API, Mapped simplifies the integration process, allowing enterprises and developers to unlock the full potential of their data and drive transformative business outcomes.

Key Strategic Focus

Mapped's strategic focus centers on providing a comprehensive data infrastructure solution for the Internet of Things (IoT) in commercial and industrial environments. The company specializes in automating data discovery and normalization processes, utilizing machine learning to create a knowledge graph of people, places, and things. This approach enables rapid access to normalized live data from legacy systems, devices, cloud sources, and applications. Mapped targets sectors such as manufacturing, healthcare facilities, energy and utilities, retail, and more, aiming to facilitate efficient data integration and management across diverse industries.

Financials and Funding

Since its inception, Mapped has secured a total of $14.8 million in funding through multiple investment rounds:

Seed Round (September 2020): Raised $3 million.

Seed Round (June 2021): Amount undisclosed.

Early Stage VC (April 2023): Raised $5.34 million.

Notable investors include Honeywell Ventures, Allegion Ventures, MetaProp NYC, Singtel Innov8, and Greycroft Partners. The capital raised is intended to expand go-to-market teams, strengthen core technology, and meet rising customer demand.

Technological Platform and Innovation

Mapped's platform stands out due to its proprietary technologies and innovative methodologies:

Proprietary Technologies: The platform employs machine learning algorithms to automate data discovery, extraction, and normalization processes.

Scientific Methodologies: Utilizes AI to create a knowledge graph that maps data from various sources into a unified ontology, facilitating seamless integration and access.

AI-Driven Capabilities: The system can automatically discover disparate devices in commercial and industrial environments, mapping them into a simple ontology for easy access to normalized live data.

Leadership Team

Shaun Cooley: Founder, Chief Executive Officer, President, and Board Member.

Jose de Castro: Chief Technology Officer.

Jason Koh: Chief Data Officer and Chief Data Scientist.

These leaders bring extensive experience in technology and data science, driving Mapped's mission to revolutionize data integration in IoT environments.

Competitor Profile

Market Insights and Dynamics:

The IoT data integration market is experiencing significant growth, driven by the increasing adoption of smart technologies across various industries. The demand for efficient data management solutions is escalating, presenting substantial opportunities for companies like Mapped.

Competitor Analysis:

Mapped faces competition from several companies offering similar solutions:

AIMS Innovation: Develops automated monitoring solutions with anomaly detection and service dependency discovery software.

Iguazio: Provides a machine learning operations (MLOps) platform.

Peak: Offers a data analytics platform for business intelligence services.

Basetwo AI: Provides a no-code platform for process engineers to build and integrate physics-informed AI.

These competitors focus on various aspects of data integration and analytics, each bringing unique technologies and approaches to the market.

Strategic Collaborations and Partnerships

Mapped has established significant partnerships to enhance its market position and innovation capacity. Notable collaborations include investments from industry leaders such as Honeywell Ventures and Allegion Ventures, which provide strategic support and resources to accelerate Mapped's growth and technological advancements.

Operational Insights

Mapped's strategic considerations involve differentiating itself through its AI-driven data integration platform, which simplifies the complex process of connecting and normalizing data from diverse sources. By focusing on automation and machine learning, Mapped offers a unique value proposition that addresses the challenges of data silos and integration inefficiencies prevalent in the IoT landscape.

Strategic Opportunities and Future Directions

Looking ahead, Mapped aims to expand its reach across various industries by continuously enhancing its platform's capabilities and scalability. The company plans to invest in research and development to introduce new features and integrations, further solidifying its position as a leader in AI-powered data infrastructure for IoT. Additionally, Mapped seeks to forge new partnerships and collaborations to tap into emerging markets and drive innovation in data management solutions.