Nexar Revolutionizes Map-Making with 40x Reduction in Real-Time Mapping Costs
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Nexar Revolutionizes Map-Making with 40x Reduction in Real-Time Mapping Costs

NEW YORK, May 2, 2023 — (PRNewswire) — Nexar, the leading real-time mapping company, announced today it has achieved a dramatic 40x reduction in the cost of real-time mapping by leveraging cutting-edge technologies, edge AI, change detection and crowdsourcing. As a result, Nexar's CityStream Live platform is making real-time mapping data more accessible to the mobility industry than ever before.

Real-time mapping has become increasingly crucial, particularly as an enabler of advanced mobility services, autonomous vehicles, and smart city initiatives. However, traditional map-making methods can't keep up with the demand for real-time data due to their high costs and labor-intensive processes. Typically,  mapping involves deploying fleets of dedicated vehicles and employing manual data annotation. As a result, conventional mapping techniques are prohibitively expensive and produce outdated map layers, limiting their utility in modern, data-driven applications.

Nexar dramatically reduces the costs of real-time mapping by leveraging a crowdsourced network of camera-equipped vehicles with more than 700,000 "eyes on the road". This network captures 94% of US roads each month and 3 billion miles of road vision data per year. Additionally, Nexar combines five key innovations to achieve this drastic cost reduction:

With these innovations, Nexar's CityStream Live platform significantly reduces the need for costly data gathering, complex hardware, and manual annotation, while providing the high levels of coverage, freshness, and precision required by modern mobility services and applications.

"Nexar is revolutionizing the mapping industry by harnessing the power of AI and our vast network of 'eyes on the road' to create faster, more accurate, and cost-effective map layers," said João Barros, Chief Platform Officer at Nexar. "The CityStream Live platform enables over 20 million daily detections in a cost-effective way, providing petabytes of visual data to improve safety, comfort, and mobility. Our easy-to-use APIs and SDKs empower industry players to build the next generation of mobility solutions with the unprecedented advantage of real-time mapping. As AI technology continues to advance, we're excited to be at the forefront of this transformation, deploying AI models over the air and enabling scalable detections of relevant road objects and events at the network edge. This full-stack, end-to-end, "pixel to API" platform is already shaping a more accessible, efficient and connected future for mapping companies, automotive OEMs and beyond."

For more information about Nexar's CityStream™ Live platform and its real-time mapping solutions, visit mapping.getnexar.com

About Nexar
Nexar turns cars into vision sensors to understand the world. Its platform powers vision-connected services and apps, at scale, making new vision-based applications for better driving, powered by a crowd-sourced vision feed. Using anonymous, aggregated data captured from this network, Nexar has developed a portfolio of vision-based data services for public and private sector partners to make roadways safer and more efficient. Nexar's platform is already deployed across hundreds of thousands of cars, detecting parking spots, managing city safety, and more. More information at data.getnexar.com.

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SOURCE Nexar

Contact:
Company Name: Nexar
Gavriel Cohen
Email Contact +914-336-4633