AUSTIN, TX, 4M Analytics, the subsurface infrastructure mapping company, announced it has raised an additional $30 million in funding.
4M Analytics announced it has raised an additional $30 million in funding bringing the total raised for its Series A round to $45 million. The funding round was led by global software investor Insight Partners and ITI Venture Capital Partners, with participation from current investors, Viola Ventures and F2 Venture Capital. Also participating in this round were Noam Bardin, former CEO of Waze (acquired by Google), and Nir Erez, the CEO and founder of Moovit (acquired by Mobileye-Intel). The funding will be used to create a map of the United States' subsurface infrastructure and grow their team.
4M Analytics' mission is to give humanity unprecedented access to underground utilities. Cohesively mapping and compiling subsurface infrastructures will help usher in a new era of underground mapping that will touch nearly every industry: transportation, oil and gas, water and electricity, renewable energy, and telecommunications. As infrastructure continues to grow, 4M Analytics will be right there defining the next generation of subsurface infrastructure mapping.
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