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.

United States United States Latest News, United States United States 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 »