Allegion Ventures Co-Leads Funding Round for Mapped
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCarmel-based Allegion Ventures has made an investment in California-based Mapped, an AI-powered data infrastructure platform for commercial and industrial IoT. Allegion Ventures says it was a co-lead investor in Mapped’s seed II funding round alongside MetaProp.
Allegion Ventures says Mapped helps customers securely access real-time data from legacy systems, devices, cloud sources and applications within commercial and industrial buildings, helping building managers and property owners make more informed decisions across their portfolios.
“Mapped is led by a very impressive management team with diverse technical backgrounds, who have created a unique and much needed ability to unify connected devices across commercial systems and buildings,” Allegion Ventures President Rob Martens said. “The software and tools Mapped is offering have an exciting opportunity to be adapted and scaled by a wide audience that wants real-time device visibility and data insights – and they also align to the Allegion Ventures focus of enabling technology to reduce friction and make buildings smarter and more secure.”
Mapped founder and Chief Executive Officer Shaun Cooley says the funding will be used to build-out go-to-market teams, strengthen core technology and meet increasing customer demand.
Allegion Ventures did not specifically disclose the amount of its investment.