Beyond Ventures leads $3m investment in Mapxus
Wednesday, November 13, 2019
(Geospatial by Staff Writer) – Hong Kong-based venture capital fund Beyond Ventures is spearheading a US$3 million investment project to benefit Mapxus, one of Apple’s Indoor Mapping Data Format (IMDF) platform service providers.
Founded by an impassioned team of professors, tech professionals and entrepreneurs, Mapxus contributes to the development of a smart city by making indoor mapping simple for all stakeholders.
The funding will serve the start-up company’s research and development (R&D), sales, marketing and operational functions, while facilitating expansion from Hong Kong into Singapore, Japan, Taiwan, Thailand, Malaysia and the Philippines.
Solutions from Hong Kong-based Mapxus produce digital and panoramic indoor maps to facilitate a cross-platform indoor-positioning capability. This helps enterprises to benefit from the full potential of applications via use of the Mapxus Software Development Kit. Mapxus also provides a seamless data integration service, and updates Apple Maps using the Apple Indoor Map Data Format (IMDF).
