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Allegion Ventures co-leads funding round for AI-powered Mapped

June 30, 2021SSN Staff

CARMEL, Ind.—Allegion Ventures, a $50 million corporate venture fund of Allegion plc, has expanded its strategic portfolio with an investment in Mapped, an AI-powered data infrastructure platform for commercial and industrial IoT. Allegion Ventures was a co-lead investor in Mapped’s seed II funding round alongside MetaProp. Terms of the deal were not disclosed. Combining cloud AI and intelligent edge software, Mapped helps customers securely access real-time data from...

Allegion Ventures, Rob Martens, Shaun Cooley

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