NATIX Network has raised $4.6 million in strategic funding, bolstering its efforts to challenge big tech’s hold on map data. The funding round, led by Borderless Capital and co-led by Tioga Capital, brings NATIX’s total investment to $9.6 million, reflecting growing investor confidence in its cutting-edge technology.
NATIX, recognized in Messari’s “State of DePIN 2023” report as one of the fastest-growing Decentralized Physical Infrastructure Networks (DePINs), employs AI and edge computing to enable real-time geospatial data collection. This approach allows over 92,000 registered users—primarily drivers—to contribute data by simply using their smartphones, without needing specialized hardware.
The company’s flagship product, “Drive&,” integrates smartphone cameras with driver assistance applications to crowdsource data. This innovation is pivotal for urban planning, mobility firms, and the autonomous driving industry, which rely on accurate, timely geospatial data to refine operations.
In a move to expand its ecosystem, NATIX plans to launch a native token on the Solana blockchain in the second quarter of 2024. This will introduce monetization opportunities for drivers and allow greater user involvement in platform governance. Additionally, the partnership with Peaq, a blockchain tailored for DePIN and machine real-world assets, aims to enhance NATIX’s infrastructure, ensuring robust data verification and governance mechanisms.
“NATIX is setting a benchmark for incentivized, scalable models in the rapidly growing geospatial analytics market, projected to surpass $200 billion by 2033,” said Alvaro Gracia, Partner at Borderless Capital.
Alireza Ghods, CEO and co-founder of NATIX, emphasized the company’s commitment to accessibility and innovation. “Our platform democratizes data collection, enabling anyone with a smartphone to participate and contribute to their urban environments,” Ghods stated.
The strategic investments by firms such as Borderless Capital, Tioga Capital, and a slew of other partners underscore a significant shift towards decentralized solutions in data collection, potentially reshaping how geospatial data is gathered and utilized globally.
As NATIX gears up to launch its $NATIX token and further integrate with Peaq’s blockchain solutions, the industry watches closely. This development not only promises to empower individual contributors but also paves the way for more dynamic and participatory models in data collection and urban development.
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