Waymap Revolutionizes Navigation with £7M Funding
April 11, 2024, 3:35 pm
London-based technology company Waymap has secured a whopping £7 million in funding to further develop its groundbreaking navigation app. The app, which works seamlessly outdoors, indoors, and even deep underground, is set to change the way people navigate in modern cities.
Led by CEO and Founder Dr. Tom Pey, Waymap's navigation app is a game-changer. Unlike traditional GPS-dependent apps, Waymap's technology relies solely on an innovative algorithm called SmartStep. This algorithm uses only the motion sensors on a smartphone and the user's steps to provide precise navigation with up to 1-meter accuracy.
Initially designed to assist blind users, Waymap's app has proven to be beneficial for all users. From navigating transit networks to bustling shopping centers, Waymap's technology adapts to users' habits and provides a seamless navigation experience.
The recent funding round, led by the TELUS Pollinator Fund for Good, will enable Waymap to expand internationally. The company aims to grow its presence in Asia Pacific and the Middle East while solidifying its current footprint in North America and Europe. Original investors Venrex and Comprador Holdings also participated in the funding round, showcasing confidence in Waymap's vision.
Dr. Tom Pey, who is blind himself, expressed his commitment to revolutionizing how everyone accesses the world through Waymap's technology. He emphasized the importance of making towns and cities accessible for everyone, highlighting the dedication of the Waymap team in achieving this goal.
Blair Miller, Managing Partner at TELUS Pollinator Fund, praised Waymap's product and leadership, noting the startup's mission to help visually impaired individuals navigate their daily lives safely. The investment from TELUS Pollinator Fund will also support Waymap's efforts to enhance its indoor localization technology and explore AI, visual positioning, and 5G edge computing for greater accuracy.
Waymap's flagship project involves deploying its technology across the entire Washington DC area in collaboration with the local Metro. With the support of investors and a dedicated team, Waymap is poised to revolutionize navigation and accessibility for all.
Led by CEO and Founder Dr. Tom Pey, Waymap's navigation app is a game-changer. Unlike traditional GPS-dependent apps, Waymap's technology relies solely on an innovative algorithm called SmartStep. This algorithm uses only the motion sensors on a smartphone and the user's steps to provide precise navigation with up to 1-meter accuracy.
Initially designed to assist blind users, Waymap's app has proven to be beneficial for all users. From navigating transit networks to bustling shopping centers, Waymap's technology adapts to users' habits and provides a seamless navigation experience.
The recent funding round, led by the TELUS Pollinator Fund for Good, will enable Waymap to expand internationally. The company aims to grow its presence in Asia Pacific and the Middle East while solidifying its current footprint in North America and Europe. Original investors Venrex and Comprador Holdings also participated in the funding round, showcasing confidence in Waymap's vision.
Dr. Tom Pey, who is blind himself, expressed his commitment to revolutionizing how everyone accesses the world through Waymap's technology. He emphasized the importance of making towns and cities accessible for everyone, highlighting the dedication of the Waymap team in achieving this goal.
Blair Miller, Managing Partner at TELUS Pollinator Fund, praised Waymap's product and leadership, noting the startup's mission to help visually impaired individuals navigate their daily lives safely. The investment from TELUS Pollinator Fund will also support Waymap's efforts to enhance its indoor localization technology and explore AI, visual positioning, and 5G edge computing for greater accuracy.
Waymap's flagship project involves deploying its technology across the entire Washington DC area in collaboration with the local Metro. With the support of investors and a dedicated team, Waymap is poised to revolutionize navigation and accessibility for all.