Facebook acquires crowdsourced mapping company Mapillary

Facebook Inc on Thursday 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.Solem had sold a facial recognition startup, Polar Rose, to Apple in 2010.

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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Civil rights groups urge companies to pause ad spending on FacebookU.S.-based civil rights groups have urged large global corporations to pause advertising on Facebook Inc during July, saying the world's largest ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Coronavirus turmoil fuels the rise of AI-powered companiesFor the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US shale companies to boost oil output by 500,000 bpd by month-endU.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »