Apr 25, 2024
NATIX Network has raised $4.6 million in strategic funding to challenge big tech’s dominance in map data. This round was led by Borderless Capital and co-led by Tioga Capital, bringing the total investment in NATIX to $9.6 million. The funds will be used to expand NATIX’s real-time geospatial data collection efforts through AI and edge computing technologies.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
NATIX Network | April 25, 2024 | $4.6M | Venture Round | $9.4M | Borderless Capital | DePin |
NATIX employs a decentralized approach, allowing over 92,000 registered users—mainly drivers—to contribute data using their smartphones. This method eliminates the need for specialized hardware, making data collection more accessible.
The company's flagship product, “Drive&”, integrates smartphone cameras with driver assistance applications to crowdsource data. This innovation is crucial for urban planning, mobility firms, and the autonomous driving industry, which rely on accurate, timely geospatial data.
In the second quarter of 2024, NATIX plans to launch a native token on the Solana blockchain, introducing monetization opportunities for drivers and enhancing user involvement in platform governance. Additionally, the partnership with Peaq, a blockchain designed for DePIN and machine real-world assets, aims to bolster NATIX’s infrastructure with robust data verification and governance mechanisms.
About NATIX Network:
NATIX Network is dedicated to democratizing data collection through its decentralized infrastructure. By leveraging AI and edge computing, NATIX enables real-time geospatial data collection without the need for specialized hardware. The company’s “Drive&” product allows users to contribute data via their smartphones, providing valuable insights for urban planning and mobility solutions.
Website: https://www.natix.network/
Twitter Account: @NATIXNetwork
Twitter Followers Today: 95,200
Twitter Followers 30 Days Ago: 57,426
Twitter Follower Change: 37,774 (+65%)
Investor Profile:
Investor: Borderless Capital
Description: Borderless Capital is a venture capital firm that invests in innovative blockchain and cryptocurrency projects. The firm supports companies that drive forward-thinking solutions in the digital asset space.
Location: United States
Website: https://borderlesscapital.io/
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