Bee Maps Secures $32 Million to Expand Decentralized Mapping on Solana
Bee Maps, formerly Hivemapper, secured $32 million in funding, with Pantera Capital and others participating. The company introduced Bee Membership to reduce barriers to contributor participation.
SOL
Fact Check
The statement is overwhelmingly supported by multiple, credible, and independent sources. News outlets such as Coindesk (Source 2), Crypto.news (Source 8), and Ventureburn (Source 14), along with data aggregators like Cryptorank (Source 18), all corroborate that Bee Maps has raised $32 million. The evidence also consistently links Bee Maps to the Hivemapper network and the Solana blockchain, confirming all key elements of the claim.
Summary
Bee Maps, rebranded from Hivemapper, raised $32 million in an undisclosed funding round backed by Pantera Capital, LDA Capital, Borderless Capital, and Ajna Capital. The company introduced Bee Membership, a subscription-based plan aimed at lowering barriers for contributors. The funds will help accelerate the growth of Bee Maps' decentralized mapping infrastructure and improve network accessibility.
Terms & Concepts
- Decentralized Physical Infrastructure (DePIN): A blockchain-based model where individuals contribute physical or data resources to a shared network in exchange for token rewards.
- Bee Membership: A subscription plan introduced by Bee Maps to reduce the upfront cost of contributing hardware and make participation in its decentralized mapping network more accessible.