Foundry Group Invests $10 Million in MapBox
Here are the key bits:
- MapBox has some big time users: Foursquare Labs Inc., Hipmunk Inc., Uber Technologies Inc. Evernote Corp as well as news, retail and travel companies.
- Has 35 employees; hopes to add 35 more in the next two years in San Francisco and Washington DC.
- CEO Eric Gundersen says MapBox soutions are more affordable and more accurate because they use open data (such as OpenStreetMap) which are updated more frequently that other data sources that Google and Esri use.
- The future might include selling content a la iTunes. Users would browse and download/stream real-time maps and data and build their own custom layered maps, for example, real time weather over the country music festival.