Mapped Closes $6.5M Seed II Funding

Mapped, a Los Angeles, CA-based AI-powered data infrastructure platform for commercial and industrial IoT, closed its $6.5M seed II funding round.

The round, which took total raise to $9.5M, was co-led by MetaProp and Allegion Ventures with participation from Singtel Innov8, Greycroft, and Animo Ventures. In conjunction with the funding, Jeanne Casey, principal, MetaProp, based in New York City, joined Mapped’s board.

The company intends to use the funds to expand operations and its business reach.

Led by Shaun Cooley, founder and CEO, Mapped combines cloud AI and intelligent edge software to automatically discover, ingest, and normalize data about people, places, and things from all disparate devices in commercial and industrial environments. The platform is then able to map this data into a simple ontology to help digitization teams, app developers, data scientists, systems engineers, and subject matter experts instantly access normalized live data.