DeepMap pinpoints corporates for funding talks

Jul 11, 2018 • Robert Lavine

The high-definition mapping technology provider is in discussions for up to $60m of funding from Alibaba, Didi Chuxing and BAIC.

US-based vehicle mapping technology startup DeepMap has begun talks with e-commerce firm Alibaba, ride provider Didi Chuxing and carmaker BAIC to raise up to $60m, The Information reported on Monday.

Founded in 2016, DeepMap is developing scalable, high-definition 3D mapping technology that is intended for eventual use in autonomous vehicles.

The technology is designed to offer real-time, centimetre-level localisation taking into account differing road types, landmark features and driving conditions, and DeepMap already has partnerships in place with automotive manufacturers…

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