Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues<1m1.4m1.4m3.0m3.3m
% growth-306 %-111 %10 %
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Recent News about Hivemapper

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Hivemapper is a pioneering startup that operates in the mapping and geospatial data industry. The company has developed a decentralized mapping network that allows individuals to contribute to building a global map using dashcams. This innovative approach leverages the power of crowdsourcing, where contributors capture map data through their dashcams and upload it to the Hivemapper network. In return, contributors are rewarded with economic incentives, making the process mutually beneficial.

Hivemapper serves a diverse range of clients, including logistics companies, insurance firms, local governments, and social media organizations. These clients utilize Hivemapper's Map Image API to access up-to-date geospatial data for various applications, such as route optimization, risk assessment, urban planning, and location-based services.

The company operates in the global geospatial data market, which is essential for numerous industries that rely on accurate and current mapping information. Hivemapper's business model is built on a decentralized network where contributors are incentivized to keep the map data fresh and accurate. The company generates revenue by charging clients for access to its mapping data through APIs. The pricing model is designed to be cost-effective, with lower costs for older map data, encouraging continuous updates and contributions.

Hivemapper's unique approach to mapping is permissionless, meaning anyone with an approved dashcam can contribute data from anywhere without needing special permissions. This decentralized model ensures a broad and diverse coverage of map data, making it a robust and reliable resource for its clients.

In summary, Hivemapper is revolutionizing the mapping industry by creating a decentralized, cost-effective, and continuously updated global map. It serves a wide range of industries with its innovative Map Image API, providing essential geospatial data for various applications.

Keywords: decentralized mapping, dashcam contributions, geospatial data, Map Image API, crowdsourcing, economic incentives, cost-effective mapping, logistics, insurance, urban planning.

Tech stack

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Investments by Hivemapper

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Carypto
ACQUISITION by Hivemapper Apr 2024