Mapbox Raises $280M Investment from SoftBank

Funding Rounds

▤ Summary

Mapbox, a San Francisco, CA-based provider of a location platform empowering navigation for Toyota, General Motors, and BMW, received a $280M investment from Softbank. This new funding accelerates the company’s efforts to bring AI into the car, with new ADAS features for automated driving and safety that work across a wider range of roads and more geographic locations. The company will leverage its real-time map to give automakers the required data and AI to comply with new safety standards such as Europe’s GSR and NCAP. The AI map also plays a role in automotive electrification by integrating with in-vehicle battery systems to monitor energy consumption, intelligently forecasting range, suggesting charging stations based on real-time availability, and facilitating secure payment processing. More than 4 million registered developers and nearly 40 percent of Fortune 500 companies use its applications, data, SDKs, and APIs to create customized and immersive experiences.

$ Funding

$
Amount $280.0M Total raised
□
Date September 20, 2023 Announcement date
◎
Investors Mapbox, SoftBank Internet and Media, Inc. Lead investors
▥
Company - Funded company

▥ Classifications

industries
No industries detected
applications
Business Intelligence

◇ AskAI Classifications

Labels
SaaS Developer Tools Mapping & GIS Software

▦ Linked Companies

Mapbox
$100M to $250M