Bee Maps Raises $32M to Advance Decentralized Mapping

• Bee Maps raised $32M in a round led by Pantera Capital.
• The project uses AI dashcams to map roads in real-time.
• Built on Solana and powered by the HONEY token.

Decentralized mapping project Bee Maps has successfully raised $32 million in a funding round led by Pantera Capital, alongside LDA Capital, Borderless Capital, and Ajna Capital. The funds will accelerate the development of Bee Maps’ real-time mapping technology and expand its contributor network worldwide.

The project takes a unique approach to mapping by combining AI-powered dashcams with blockchain incentives, rewarding drivers with its native token, HONEY, for collecting and verifying road data.

Built on Solana Using Hivemapper Architecture

Bee Maps operates on the Solana blockchain, known for its scalability and low transaction costs. The project builds upon the Hivemapper architecture, which has already proven effective in creating decentralized, community-driven maps.

By utilizing AI-powered dashcams, Bee Maps captures high-quality, up-to-date road imagery and data from real-world environments. This model decentralizes data collection, making mapping faster, cheaper, and more transparent than traditional corporate-owned systems like Google Maps.

HONEY Token Drives Community Participation

At the core of Bee Maps’ ecosystem lies the HONEY token, which serves as a reward mechanism for contributors. Drivers who use Bee Maps dashcams can earn HONEY for mapping new roads or updating outdated data.

This incentivized model not only ensures consistent updates to the map but also promotes fair distribution of rewards among contributors, strengthening the decentralized data network.

With its fresh $32 million funding, Bee Maps plans to scale globally, enhance its AI capabilities, and bring decentralized mapping to mainstream adoption.