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MapAnything raises $42.5 million for location of things platform

The location of things (LoT) market — which comprises technology that enables developers to make use of geographic data — is projected to be worth $71.6 billion by 2025, driven by the proliferation of connected devices, high-speed networks, and personalized services. Mapping and navigation apps like Google Maps, Uber, and Waze made up 32.6 percent of the global LoT sector in 2017, followed closely by manufacturing, asset management, marketing, and industrial platforms. But they’re only the tip of a sizeable iceberg.

Kyle [email protected]_L_Wiggers

MapAnything raises $42.5 million for location of things platform

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