Bee Maps Raises $32M to Expand Its Solana-Powered Decentralized Mapping Network

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Bee Maps, a Solana DePIN project that aims to rival Google Maps through decentralization, raised $32 million in a funding round led by Pantera Capital. As a result, the company can now accelerate device deployment and expand coverage.

The startup operates within the fast-growing Decentralized Physical Infrastructure Network (DePIN) sector. With the new capital, Bee Maps will scale its network of AI-powered dashcams. Drivers collect live street imagery, and the system rewards them in HONEY tokens.

Pantera Capital joined forces with LDA Capital, Borderless Capital, and Ajna Capital. Moreover, these investors showed strong confidence in the Bee Maps Solana DePIN model, which uses blockchain rewards to build global infrastructure.

The process works in a simple way. Drivers attach a dashcam, record their routes, and earn HONEY tokens. In turn, this imagery creates a live, constantly updated map that challenges centralized providers.

“Demand isn’t the issue. We need to scale supply,” said Ariel Seidman, CEO of Bee Maps. “This round gives us the means to ship more devices, expand worldwide, and strengthen our AI tools. Therefore, as our network grows, contributors benefit directly through HONEY.”

Solana’s blockchain powers the system efficiently. Because the network processes thousands of microtransactions quickly, Bee Maps can pay contributors instantly without high fees.

The company already serves well-known partners in mobility and logistics. For example, Volkswagen’s robotaxi unit, Lyft, and Mapbox rely on its data for accurate navigation.

“Bee Maps is building the backbone of global mapping,” said Cosmo Jiang, partner at Pantera Capital. “Demand already exists. Consequently, this funding ensures the company can meet it with enough supply.”

To lower barriers for new users, Bee Maps launched a “Bee Membership” plan. Subscribers pay $19 a month instead of the $589 upfront dashcam cost. In addition, the plan speeds adoption by making participation affordable, as highlighted in our crypto platforms guide.

Recap

  • Bee Maps Solana DePIN project raised $32 million led by Pantera Capital.
  • The company will scale AI-powered dashcam rollouts.
  • Drivers earn HONEY tokens for providing mapping data.
  • As a result, Bee Maps positions itself as a decentralized rival to Google Maps.

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