xMap Raises Pre - Seed Funding
xMap, a geospatial data analysis platform based in Wilmington, DE, has secured undisclosed Pre-Seed funding led by Shizen Capital. The startup, founded by CEO Mo Batran, aims to utilize the funds to expand its tool globally, enabling businesses to make real-time decisions using location data. The xMap platform allows users to draw polygons on a map and ask location-based questions, such as population size, number of gas stations, and foot traffic patterns. It combines open government data, proprietary models, and large-scale language models (LLMs) to provide context-aware location information. Currently, the platform covers three cities, with plans for further expansion. Since its launch, xMap has attracted significant clients, including Coca-Cola, and generated $600K in revenue. The company s recent funding round and expansion plans demonstrate its potential to revolutionize geospatial data analysis for businesses worldwide. FinSMEs 12/09/2024
Source: finsmes.comPublished on 2024-09-12