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Mapbox

Enterprise Software
Mapbox is a San Francisco-based location technology company providing customizable mapping, navigation, and geospatial data tools that developers embed into websites and apps.
$589M
-$4.70
27.55%
30 days ago
$17.05
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Mapbox was founded in 2010 by Eric Gundersen, Alex Barth, and Young Hahn, based on the observation that developers wanting to add mapping functionality to their websites and applications had historically been limited primarily to using Google Maps' relatively standardized, less customizable map styling and functionality, or building custom mapping solutions from scratch using raw geographic data, an approach requiring significant specialized expertise most application developers didn't have, creating an opportunity for a developer-focused mapping platform that offered much deeper visual customization and flexibility than off-the-shelf consumer mapping products. Mapbox's platform lets developers build highly customized maps, tailoring visual styling, data layers, and interactive functionality to match their specific application's needs and design aesthetic, rather than being constrained to a single, standardized map appearance, while providing the underlying geographic data, routing and navigation capabilities, and location search functionality needed to power a wide range of location-based application features. The company has built a very large and diverse developer customer base spanning ride-sharing and delivery apps needing real-time navigation and routing, media and news organizations building custom data visualization maps for storytelling, gaming companies building location-based games, and countless other applications where deep map customization and flexibility matter more than the standardized experience a consumer mapping app like Google Maps provides. Mapbox has positioned itself as an alternative to being dependent on Google's mapping platform for developers who want more control over their map's appearance and functionality, or who have concerns about long-term pricing and terms of service changes from a single dominant mapping provider. The company has continued to expand its geospatial data and analytics capabilities beyond core mapping, including tools for analyzing location-based data patterns relevant to logistics, retail site selection, and other location-intelligence use cases. Mapbox has raised substantial venture funding from investors including SoftBank Vision Fund, DFJ Growth, and Foundry Group, reaching a valuation exceeding $4 billion at its peak, competing with Google Maps Platform, HERE Technologies, and Esri.
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