Facebook Acquires Crowdsourced Mapping Company Mapillary

Facebook Inc on Thursday 18 June acquired Swedish mapping technology company Mapillary, which collects images from tens of thousands of contributors to build immersive and up-to-date maps, the companies said. 

Mapillary Chief Executive Officer Jan Erik Solem, who founded the Malmö-based startup after leaving Apple Inc in 2013, said his company’s technology would be used to power products like Facebook Marketplace and supply data to humanitarian organizations.

Facebook confirmed the transaction, but declined to disclose the terms. Mapillary did not immediately respond to a request for comment. 

Mapillary aims to solve one of the most expensive problems in mapping: keeping maps updated with “street level data” about signs, addresses and other information that can be observed from the road.

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https://www.reuters.com/article/us-facebook-deals-mapillary/facebook-acquires-crowdsourced-mapping-company-mapillary-idUSKBN23P3N6

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