Self-driving cars require more than a good computer to run smoothly and safely around potential problems. They will also need maps. Maps that continually update and feedback key information, like lane closures or other obstacles, so the autonomous car can find and take a safer route.
This specific need has provided an opening for startups in what once looked like a locked-up mapping market dominated by a few giants.
Carmera, a New York-based mapping and data analytics startup, is one of them. The company, which came out of stealth two years ago, has now raised $20 million in a Series B funding round led by GV, formerly known as Google Ventures. Carmera previously raised $6.5 million.
The company announced the funding raise Thursday along with a few other updates, including a new feature on its autonomous mapping product and a partnership with New York City. The capital will be used to hire more talent and expand.
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