SoftBank leads $164 million Series C Funding

Mapbox has secured a $164 million Series C funding round led by the SoftBank Vision Fund, with participation from Foundry Group, DFJ Growth, DBL, and Thrive. This investment will accelerate Mapbox's efforts in developing an automotive unit focused on in-car navigation and autonomous driving, expanding its AR/VR/Gaming platform by growing the Unity Maps SDK team, and advancing its global presence in Southeast Asia, China, and Europe. The company emphasizes the importance of real-time location data and its transformational impact across industries, with success measured by developer traction and the network effect of their services, which process over 200 million miles of anonymized sensor data daily for continuous updates. Mapbox is committed to building technology that enables developers to create innovative applications, with their platform's success closely tied to the achievements of their users.

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