NATIX Network Secures $4.6 Million in Funding to Challenge Big Tech in Geospatial Data
NATIX Network, a rising star in the world of geospatial data collection, has just announced a major milestone in its journey to disrupt big tech’s dominance in map data. The company has successfully raised $4.6 million in strategic funding, with Borderless Capital leading the round and Tioga Capital as a co-lead investor. This latest injection of capital brings NATIX’s total investment to an impressive $9.6 million, signaling a growing confidence in the company’s innovative technology.
Known for its cutting-edge approach to decentralized physical infrastructure networks (DePINs), NATIX leverages AI and edge computing to enable real-time geospatial data collection. With over 92,000 registered users, primarily drivers, the company’s platform allows individuals to contribute data using nothing more than their smartphones, eliminating the need for specialized hardware.
One of NATIX’s standout products, “Drive&,” integrates smartphone cameras with driver assistance applications to crowdsource valuable data. This technology is crucial for industries such as urban planning, mobility firms, and autonomous driving, all of which rely on accurate and timely geospatial data to optimize their operations.
Looking ahead, NATIX has ambitious plans to launch a native token on the Solana blockchain in the second quarter of 2024. This move will open up new monetization opportunities for drivers and enhance user participation in platform governance. Additionally, a partnership with Peaq, a blockchain platform tailored for DePIN and machine real-world assets, aims to strengthen NATIX’s infrastructure, ensuring robust data verification and governance mechanisms.
Alvaro Gracia, a Partner at Borderless Capital, praised NATIX for its innovative approach to incentivized data collection, noting the company’s potential to make a significant impact in the rapidly growing geospatial analytics market, projected to exceed $200 billion by 2033.
CEO and co-founder of NATIX, Alireza Ghods, highlighted the company’s commitment to accessibility and innovation, stating, “Our platform democratizes data collection, enabling anyone with a smartphone to participate and contribute to their urban environments.”
With support from key investors like Borderless Capital and Tioga Capital, as well as a host of other partners, NATIX is at the forefront of a shift towards decentralized solutions in data collection. As the company prepares to launch its $NATIX token and deepen its integration with Peaq’s blockchain solutions, the industry is eagerly anticipating the impact of these developments on the future of geospatial data collection and urban development.
