Maptuit
A supplier of wireline and wireless Internet location-based services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Maptuit Corporation operated as a specialized provider of navigation and location-based solutions tailored for the transportation and logistics industry. Founded in 1999 and headquartered in Toronto, Canada, the company focused on delivering web services that provided crucial location intelligence for consumer, tracking, and traffic markets.
The firm's business model was centered on a Software-as-a-Service (SaaS) platform, offering a suite of tools that integrated mapping, dynamic routing, fleet management, and vehicle positioning. Maptuit generated revenue by providing these connected navigation services to commercial fleets. A core component of its service was an advanced location-based service (LBS) engine that could process real-time feedback from the field regarding road conditions, physical restrictions, and other variables not typically captured by standard commercial map data. This capability was particularly valuable for industries like mining, oil, and gas, which often operate in remote areas with limited map coverage.
Maptuit's product, such as the NaviGo solution, integrated with on-board computing devices and telematics hardware from various partners. This system allowed for over-the-air communication via satellite, cellular, or Wi-Fi to Maptuit's servers, which provided routing based on daily updated information about road closures, weather, construction, and traffic. A key feature was the ability for fleet managers to define and specify "known-good" routes and specific yard approaches, enhancing both operational safety and efficiency. The company successfully raised at least $16.3 million in funding from investors including Bell Canada, Draper Associates, and Edison Partners. In March 2012, the assets of Maptuit were acquired by Telogis, a platform for location intelligence. This acquisition expanded the Telogis platform by integrating Maptuit's commercial navigation technologies, adding over 100,000 subscribers to its customer base.
Keywords: fleet navigation, commercial vehicle routing, logistics software, location-based services, SaaS, fleet management solutions, transportation telematics, dynamic routing, connected navigation, vehicle tracking, route optimization, location intelligence, commercial fleet software, yard approaches, asset tracking, Maptuit, Telogis acquisition, logistics technology, transportation data, fleet safety