NATIX Network has secured $4.6 million in strategic funding, strengthening its position to challenge the dominance of big tech companies in map data. The funding round, led by Borderless Capital and co-led by Tioga Capital, brings NATIX’s total investment to $9.6 million, signaling increasing investor confidence in its advanced technology.
Recognized in Messari’s “State of DePIN 2023” report as one of the fastest-growing Decentralized Physical Infrastructure Networks (DePINs), NATIX utilizes AI and edge computing for real-time geospatial data collection. This approach allows over 92,000 registered users, mainly drivers, to contribute data through their smartphones without the need for specialized hardware.
The company’s main product, “Drive&,” combines smartphone cameras with driver assistance applications to gather data from the crowd. This advancement is crucial for urban planning, mobility companies, and the autonomous driving sector, all of which rely on accurate and timely geospatial data to optimize operations.
Looking to expand its ecosystem, NATIX is preparing to introduce a native token on the Solana blockchain in the second quarter of 2024. This move will create earning opportunities for drivers and enhance user engagement in platform governance. The collaboration with Peaq, a blockchain designed for DePIN and real-world assets, aims to strengthen NATIX’s infrastructure by ensuring robust data verification and governance mechanisms.
“NATIX is establishing a precedent for incentivized, scalable models in the rapidly growing geospatial analytics market, projected to exceed $200 billion by 2033,” commented Alvaro Gracia, Partner at Borderless Capital.
Alireza Ghods, CEO and co-founder of NATIX, highlighted the company’s dedication to accessibility and innovation. Ghods mentioned, “Our platform democratizes data collection, allowing anyone with a smartphone to participate and contribute to their urban surroundings.”
The strategic investments from companies like Borderless Capital, Tioga Capital, and other partners indicate a significant shift towards decentralized solutions in data collection, potentially reshaping how geospatial data is collected and utilized on a global scale.
As NATIX prepares to launch its $NATIX token and deepen its integration with Peaq’s blockchain solutions, the industry closely monitors this development. This advancement not only promises to empower individual contributors but also opens the door for more dynamic and participatory models in data collection and urban development.
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