Kitchener-Waterloo-based software startup Mappedin has secured $24.5 million USD in Series B financing to map indoor spaces at scale.
Hongwei Liu,
âWe … touch about a third of Canadians and Americans every year. But most of our market still doesnât know about us. That will change.”
Mappedin
The all-equity round, which MappedIn announced this morning, was led by Nashvilleâs Edison Partners with participation from Hong Kong-based Betatron Venture Group.
Mappedin, which was founded in 2011, helps organizations create and maintain digital maps of complex indoor environments. Using AI and LiDAR (short for light detection and ranging, a remote sensing method), the companyâs platform turns floor plans and spatial data into 3D, dynamic digital maps that can help with navigation, operations, analytics, and safety.
Mappedin co-founder and CEO Hongwei Liu claimed in an email to BetaKit that the company âprovides the worldâs best tools to map and visualize the indoorsâ and said it has won US government business. âWeâre embedded into mission critical systems and touch about a third of Canadians and Americans every year. But most of our market still doesnât know about us. That will change,â he said.
Mappedin says this fundraise will help it expand from individual buildings to city-scale indoor mapping. The funding will also help it expand access to its mapping technology for first responders, safety organizations, and large public venues.
Liu said the companyâs Series B round closed in December, consisted âmostlyâ of primary capital, and brought Mappedinâs total funding to more than $35 million USD.
While most of the outside world has already been digitally mapped, digital maps of the indoors, from airports to sports stadiums, are far more difficult to obtain. Mappedin aims to change that by giving building operators and safety officials the tools they need to oversee and secure indoor environments.
âWe set out to map the indoors,â Liu said. âA digital operating system for every building. Today, weâve mapped more than 10 billion square feet across 86 countries, guiding over 450 million visitors. Some of the worldâs largest properties use our maps, from Simon Property Group to LAX to Super Bowl stadiums. And yet, less than one percent of the worldâs indoor space has been mapped digitally. We have work to do!â
Commercial real estate, airports, and stadiums are Mappedinâs largest customer segments. The 100-person company has over 500 paying customers, eight figures in annual revenue, is growing 50 percent year-over-year, and expects to become profitable within the next year. Liu did not share its valuation.
Mappedinâs Series B investors also appear bullish on the companyâs growth prospects.
âWe believe Mappedin is uniquely positioned to become the de facto indoor mapping layer that powers digital experiences, operational intelligence, and safety systems across the built world,â Edison Partners general partner Ryan Ziegler said in a release.
UPDATE (04/07/2026): This story has been udpated with comments from co-founder and CEO Hongwei Liu.
Feature image courtesy Mappedin.

