4M Analytics Secures $30M in Series A Extension Funding

4M Analytics, an Austin, TX-based subsurface infrastructure mapping company, raised $30M in Series A funding.

The round was led by Insight Partners and ITI Venture Capital Partners, with participation from Viola Ventures and F2 Venture Capital, Noam Bardin, former CEO of Waze (acquired by Google), and Nir Erez, the CEO and founder of Moovit (acquired by Mobileye-Intel).

The company intends to use the funds to create a map of the United States’ subsurface infrastructure and grow their team.

Led by CEO Itzik Malka, 4M Analytics is a subsurface infrastructure mapping company that cohesively maps and compiles subsurface infrastructures which will trigger a new era of underground mapping touching nearly every industry: transportation, oil and gas, water and electricity, renewable energy, and telecommunications.

By deploying data at scale, the 4M Analytics product, 4Map, compiles all utility data into one dashboard. With this data, customers can view utility data for countless infrastructure projects simultaneously through an intuitive interface. The mapping resources will decrease the amount of time it takes to locate underground utilities for civil engineering firms, engineering procurement construction firms, contractors, and subsurface utility engineering firms in the transportation, oil and gas, water and electricity, renewable energy, and telecommunications industries.

FinSMEs

20/09/2022