Mapxus, a Hong Kong-based indoor Geographic Information System (GIS) platform that provides global indoor mapping and navigation services, announced that it completed over $5 million in Series B funding.
The round was led by Kawasaki Heavy Industries, a leading Japanese corporation with a diverse business portfolio spanning various industries centered around technology.
With the new investment, Mapxus is well-positioned to continue to innovate and develop technology solutions for the future of indoor mapping and location-based services.
The potential applications of Mapxus's technology are wide-ranging, with opportunities for both government and factory use.
Starting in August 2021, Mapxus collaborated exclusively with Kawasaki Heavy Industries to provide indoor technology such as digital maps, Wi-Fi fingerprint positioning, and SDK for indoor map data infrastructure service in Japan, which is named iPNT-K.
"We are thrilled to have Kawasaki Heavy Industries lead this round of investment in Mapxus," said Dr. John Chan, the founder, and CEO of Mapxus. "With this new funding, we will accelerate our indoor map data infrastructure development in Japan (iPNT-K) with Kawasaki and expand our service coverage in Southeast Asia. We aim to enable businesses to revolutionize their interactions with physical spaces and deliver a comfortable, intuitive, and seamless indoor-outdoor experience for everyone."
Furthermore, Mapxus has recently joined hands with NOIZChain to co-create Honio, the world's first indoor location-based Game-Fi metaverse. Honio aims to connect the virtual and physical worlds through a mobile app that rewards users for spending time in physical stores. It is expected to launch in Japan by 2023 and in other Southeast Asian markets by 2024.
Company: Maphive Technology Limited
Raised: $5.0M
Round: Series B
Funding Month: March 2023
Lead Investors: Kawasaki Heavy Industries
Additional Investors:
Company Website: https://www.mapxus.com/
Software Category: Geographic Information System (GIS)
About the Company: Mapxus is a comprehensive indoor geographic information system (GIS) platform that provides global indoor mapping and navigation services, aiming to make indoor mapping smart and simple, and to create a barrier-free and inclusive city experience for everyone. With cutting-edge indoor mapping and navigation technology, Mapxus has quickly expanded its service to over 25 cities in the Asia-Pacific region, covering more than 1,500 venues across various building types including retail, universities, transit, and government buildings. Mapxus's innovative indoor map data infrastructure is designed to empower people and businesses, improving daily experiences and work efficiency.
Source: Deniz Zulueta, PR Associate-Uniquecorn Strategies