(L-R) Mapxus Founders John Chan (CEO) and Ocean Ng (COO)
Mapxus, a Hong Koing-based startup providing global indoor mapping and navigation services, has completed its Series B funding round, raising over US$5 million.
Japan’s Kawasaki Heavy Industries led the round.
With the new investment, the company will continue to innovate and develop technology solutions for the future of indoor mapping and location-based services. Mapxus sees opportunities both in the government and factory sectors.
Launched in August 2021, Mapxus collaborated with Kawasaki Heavy Industries to provide indoor technology such as digital maps, Wi-Fi fingerprint positioning and SDK for indoor map data infrastructure service in Japan, which is named iPNT-K.
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With the iPNT-K solution, businesses can apply indoor navigation in commercial facilities such as shopping centres, train stations, and airports to perform location-based marketing, traffic analysis, barrier-free navigation, manage and track operations, facilitate the management, and improve the work efficiency of employees in offices and warehouses.
“With this new funding, we will accelerate our indoor map data infrastructure development in Japan (iPNT-K) with Kawasaki and expand our service coverage in Southeast Asia. We aim to enable businesses to revolutionise their interactions with physical spaces and deliver a comfortable, intuitive, and seamless indoor-outdoor experience for everyone,” added Dr John Chan, Founder and CEO of Mapxus.
The startup recently joined hands with NOIZChain to co-create Honio, an indoor location-based Game-Fi metaverse. Honio aims to connect the virtual and physical worlds through a mobile app that rewards users for spending time in physical stores.
It is expected to launch in Japan by 2023 and other Southeast Asian markets by 2024.
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