Mappo

Make every trip a fascinating cultural journey

Global leader in creating location-based cultural content. Their unique AI model searches and curates content from diverse fields, including history, music, and cuisine, making it easily accessible to travelers through an interactive map.

146% of funding target

Retail Investment: ₪510,559
Angel Investment: ₪526,700
אין טבלה 
קמפיין נגמר  אין לחצן 
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By: Deddi Zucker
Successfully fundedPublic Investment
Investment type:
Funding Target:
₪350,000
Over Funding Target:
₪4,496,555
Shares Offered:
0.51% - 6.20%
Company value:
₪68,040,000
Price per share:
₪1,701.98
Company Stage:
Category:
Transportation

Highlights

Highlights

Imagine a journey—whether by car, on foot, or in flight—where you're continuously immersed in audio, music, sports, video, trivia, and puzzles, all perfectly aligned with your exact location. Over three years, MAPPO has developed a unique broadcasting platform unlike any other in the world, delivering location-based audio, video, games, and music. By leveraging advanced technology, including AI and engines like GPT and CLAUD, MAPPO’s system automatically generates limitless location-based content in any language and for any place on earth. These capabilities and the diverse content MAPPO offers position the company as a leading content provider for the global automotive, tourism, mapping, and aviation industries.

 

Quality Seals

 

Investments and Grants from the Innovation Authority, Leading Funds, and Private Angels:

  • Incubation: MAPPO began its operations within THE TIME incubator, the Innovation Authority’s leading accelerator.
  • Funding: The company has secured significant funding, including grants from the Innovation Authority, investments from two venture capital funds, and substantial contributions from angel investors:
    • Awarded a $650,000 grant from the Chief Scientist.
    • Venture capital fund SIBF invested over $2 million.
    • Angel investors contributed approximately $1.5 million.

 

Strategic Collaborations and Commercial Activities with Major Global Car Manufacturers:

  • FORD Partnership: The product is already installed in the FORD Mustang Mach 2.
  • AUDI Installation: The product has been deployed in AUDI vehicles in the USA.
  • Distribution Agreements: Signed with HARMAN, FAURECIA, and HERE.
  • RENAULT Project: Completed a major innovative project with RENAULT in August 2024.
  • HYUNDAI Collaboration: Working with HYUNDAI to implement the product in Q4 of this year.

CONTINENTAL Partnership: Collaborating with CONTINENTAL, the second-largest Tier 1 company globally.

 

New Agreements in Advanced Stages of Closing:

The last quarter of 2024 marks a significant milestone with two major business development initiatives expected to transform MAPPO’s future. Due to confidentiality agreements, the names of the involved companies cannot be disclosed at this stage, as these processes are expected to conclude by the end of the year:

  1. Asian Automotive Group:
    • Soft Launch: In September, MAPPO will perform a "soft" launch on the group’s new app store in the capital city of the parent country.
    • Global Integration: In early 2025, MAPPO will be fully integrated into the global launch of the company’s new models, which sell approximately 6 million new vehicles annually.
  2. Collaboration with a Music Broadcasting Giant:
    • Exclusive Service: MAPPO will develop a unique and exclusive service for the group’s drivers and passengers, featuring location-based music and podcasts.
    • Meeting in Berlin: A meeting in Berlin in September with all parties involved will finalize the main service features, commercial agreement, workflow, and required timelines.
  3. Tier 1 – Leading Automotive Industry Company:
    • Workshop: By the end of September, MAPPO will hold a workshop with senior executives of a leading Tier 1 automotive company to develop a unique, joint service based on both companies’ technological capabilities.
    • Revenue Growth: As this company is a top provider of automotive products and services worldwide, supplying solutions to all major car manufacturers, the new service is expected to open doors for MAPPO to a wide range of manufacturers and end customers, creating a new and stable revenue stream.

International Recognition for Quality and Excellence:

  • FORD Competition: MAPPO won first place in FORD’s startup competition, "Make it Drivable."
  • EU Selection: Selected by the European Union as one of the 18 most promising startups in the transportation sector.
  • Volkswagen Testing: Achieved an unprecedented quality score in Volkswagen’s tests, receiving a 6.6 out of 7 from real user evaluations.
  • Regulatory Compliance: Installations in FORD and AUDI vehicles meet stringent European and American regulations.

 

Experienced and Highly Skilled Team:

  • Strong Track Record: The company’s history places it in a promising position, supported by a knowledgeable and experienced team with backgrounds from Google, WAZE, the advertising agency GITAM, and Reichman University.
  • Skilled Workforce: The team consists of 11 employees, all with prior startup experience in entrepreneurship, technology, marketing, and product development.
  • Expert Board: The board of directors includes 5 members with extensive and successful experience in digital sectors and venture capital funds.

 

Significant Growth: The company’s valuation has grown 40-fold since its inception.



  • The offer is not subject to the securities laws and corporate laws applicable to a company offering securities to the public. The Israel Securities Authority has not approved the publication of this offer document and has not reviewed it. Following the completion of the offer, the company will not be subject to disclosure requirements and corporate governance provisions designed to protect its investors and provide oversight by the Israel Securities Authority.

Pitch

Pitch

The Need

Automobile manufacturers worldwide are in the midst of searching for new revenue streams. The decline in profits from electric vehicle sales and increased competition from Chinese and Korean manufacturers are putting significant pressure on automakers. This has led them to identify in-car software as a key future revenue source. Most manufacturers are investing hundreds of millions of dollars in developing solutions aimed at generating income from activities within the vehicle. For example, STELLANTIS (Peugeot, Fiat, Lancia, Citroën, etc.) has set a goal for 2030 in which 30% of its revenue will come from in-car services.

Another issue that needs addressing is the driving experience itself. Sabrina Yuan, Chief Strategy Officer of the Volkswagen Group, summarized the shared position of herself, the Chief Research Officer of Mercedes, and a senior executive at STELLANTIS in late June 2024: "Gaming and entertainment will play a central role in the driving experience of the future. We must offer a variety of applications to provide continuous value to our customers."

A further challenge arising from the statements and investments of automakers is how to utilize the free time of users in autonomous vehicles. Autonomous driving frees up significant attention and time that would otherwise be spent on driving, and the rapid technological advancements in this area create a new need: providing value to users' free time. Over the past three years, MAPPO has identified a growing demand from all automakers, without exception, to incorporate entertainment content into vehicle services. Automakers have signed agreements to integrate leading brands such as YouTube, TikTok, Disney, Facebook, Spotify, Amazon, and Booking, among others, to offer a rich and diverse entertainment experience for vehicle users.

 

The Solution

Over the past few years, MAPPO has been refining and perfecting its solutions to address the following key challenges:

  1. Creating New Revenue Streams
  2. Enhancing the Travel Experience
  3. Maximizing Free Time in Vehicles

 

How does MAPPO effectively tackle these three challenges?

  1. Creating New Revenue Streams: Automakers can monetize various software applications, primarily focused on entertainment, through diverse business models. MAPPO is a key player in this space, contributing to increased revenue for both automakers and software providers. All business models are built on revenue-sharing agreements.
  2. Enhancing the Travel Experience: MAPPO enriches the travel experience by offering podcasts relevant to the journey, songs tied to specific locations, historical insights, information on sports or culinary traditions in the areas being traveled, as well as quizzes and trivia related to the precise locations the vehicle is passing through.
  3. Maximizing Free Time in Vehicles: MAPPO’s content was rigorously tested by Volkswagen (VW) in user trials, where it received impressive ratings, with an overall satisfaction score of 6.6 out of 7. Additionally, MAPPO plans to extend its offerings with a mobile app, enabling users to continue accessing content outside of the vehicle. This ensures that the experience can continue both before entering the vehicle and after leaving it, as requested by most automakers.

 

The Technology

The company has developed the STORY CREATION MACHINE, a powerful AI engine capable of automatically generating content at a world-class level. The company believes there is no need to create new content but rather to leverage the wealth of material that has already been written, composed, and created throughout human history. Over three years, the company refined and tailored the engine to meet user needs. Today, the STORY CREATION MACHINE can generate content for a large city within a few hours. To date, the company has created 250,000 stories across 60,000 locations (POIs) in the U.S., Korea, Israel, and Europe. A POI is a specific location, such as a street, site, or address, and the stories include the history of the location, video clips, excerpts from books, trivia games, puzzles, interesting facts, information on cuisine, sports, and music.

The advanced capabilities of the engine and the speed of content generation enrich the travel experience, providing users with a wide range of content and adding relevant context to their journey. All content is delivered to users in audio format.

The company is currently developing several new features, such as real-time content creation, personalized content delivery based on user preferences, geographical location, news events, weather, and more. The concept of location-based content creation is not new, but all previous attempts relied on manual work that was costly and limited in scope. MAPPO has cracked this challenge with the help of a top-tier software team.

The search for Points of Interest (POI) is a key step in the content creation process of the SCM (Story Creation Machine). This process is the first stage in the production chain and is carried out before any additional content creation tasks. The search for POIs is conducted in the following steps:

  1. Link Analysis: The SCM begins by analyzing all the links found on the Wikipedia page of the desired location. Each link is considered a potential POI candidate, which will be evaluated in the subsequent stages of the process.
  2. Candidate Evaluation: To determine whether a candidate is indeed a POI relevant to the desired location, the SCM uses an algorithm that relies on various data sources, such as coordinates, WikiData, and OpenStreetMap. This process helps filter out irrelevant candidates and ensures that only genuine monuments/POIs are included in the final content.

Content Creation

The content creation process within MAPPO's SCM system leverages advanced language models (LLMs), such as GPT-4, to generate precise and high-quality content for users. The development team has invested significant efforts in ensuring the content's quality and accuracy, making sure it is not only engaging but also reliable and precise.

To achieve this, the company employs several strategies:

  1. Guideline Management: The team meticulously maintains a library of guidelines used to generate content from the large language models. These guidelines are carefully managed and regularly updated to ensure they produce high-quality, relevant, and consistent responses from the language models.
  2. ELO Rating System: To evaluate and enhance the content creation process, the company uses an ELO rating system combined with human feedback. This system helps identify areas for improvement and ensures that only the most successful methods are used for content generation.
  3. Reducing Hallucinations: One of the challenges with large language models is their tendency to generate content that may be inaccurate or irrelevant. To address this issue, MAPPO implements a combination of general rules, post-generation processing techniques, and manual review processes to filter out potentially incorrect information and ensure high content validity.

By utilizing advanced language models like GPT-4 and applying stringent quality control measures, MAPPO's SCM system is capable of producing informative, engaging, and reliable content for users worldwide.

Mappo for Automotive

Mappo’s solution for the automotive industry provides engaging and popular cultural content for drivers and passengers, based on geographic location and personal preferences learned from previously displayed and selected content.

Key Product Components:

  1. Mappo App for Android Automotive: This app maps the route and uses voice and audio to deliver content tailored to the user’s future location.
  2. Advanced Content Selection Algorithm: This algorithm selects the most suitable content for drivers and passengers from thousands of options, considering personal preferences.
  3. AWS OpenSearch: This platform enables rapid access to location-based content, ensuring a seamless and personalized user experience.
  4. Content Management System (CMS): A web-based application designed for creating and editing content, allowing users to enrich their travel experience with high-quality and interesting material.
  5. Story Creation Module (SCM): A central engine based on AI algorithms that automatically generates location-based cultural content, providing users with unique cultural experiences tailored to their location.

Automotive Product

Mappo’s flagship product for the automotive industry is an application for Google’s dedicated in-car operating system, Android Automotive. It uses an algorithm to select engaging audio content in real-time based on location, preferences, and user history. Integration with AWS OpenSearch allows quick access to location-based content.

Team

Team

בועז אור-שרגא
Over 20 years of experience in the Israeli high-tech scene. Served as VP of business development in Elbit, Head of Sales at Motorola Israel, lead sales, held BD and senior R&D management roles, led Motorola Ventures Israel. Has served as a member of the board of directors of various start-ups and now serves as chairman of the board of several start-ups. Holds an EMBA from Northwestern Kellogg, Physics & Mathematics degrees from Tel Aviv University and Electrical Engineering degree from the Technion – Israel Institute of Technology.

  • Chairman of the Board
Deddi Zucker
CEO and founder
Deddi is a former Member of Knesset and has expertise in many areas of digital content such as video, text, TV, and radio. Deddi was the founder and CEO of 360, a digital production company, which owned three cable channels and produced digital content for Israeli websites, including Ynet. After that, he was the founder of Learni, a software company that converted learning and teaching processes to digital content on mobile devices. Dedi holds a bachelor‘s degree in economics, a master‘s degree in political science (with honors) and studied for a doctorate in history. Deddi has extensive experience and in-depth knowledge of the automotive and infotainment industry, acquired during his years as CEO of Mappo. This experience includes connections with various parties in the industry, including car manufacturers and Tier 1 companies, as well as a thorough understanding of the needs, difficulties and methods of operation in this industry.

  • Founder
Prof. Ariel Shamir
Research Director
Prof. Ariel Shamir served as dean of the Faculty of Computer Science at the Interdisciplinary Center, and as a post-doctoral fellow at the Center for Computational Imaging at the University of Texas in Austin, was a guest scientist at the research laboratories of Mitsubishi Electric in Cambridge MA (2006), and at Disney Research & MIT (2014). His areas of research and specialization include image and video processing, geometric modeling, computer graphics, manufacturing, visualization and machine learning. Prof. Shamir has extensive experience working with technological companies in the field of AI, including Paeon Medical, PrimeSence, Quantum Discoveries, Verisk, Donde Search, and more. Prof. Shamir has a bachelor‘s and master‘s degree in mathematics and computer science with honors and a Ph.D in computer science, all from the Hebrew University of Jerusalem.

Avi Monk
Development Manager & CTO
A technical manager in leading Hi-Tech companies, focusing on people, product and SW development. An experienced innovative leader who understands the bigger picture and the minute details. 15 years of experience with managing complex international projects employing advanced technologies in a global environment.

Dr. Kfir Bar
AI Expert
Dr. Bar is an AI expert with about 20 years of experience and in-depth knowledge of a wide range of natural language processing (NLP) disciplines, including statistical machine translation, name entity recognition and digital-human applications. He has extensive experience in combining linguistic knowledge with sophisticated algorithmic AI, to extract the most important information from text. Dr. Bar currently serves as a lecturer at Tel Aviv University, Colman and IDC, where he teaches courses in computer science, digital humanities, machine learning and natural language processing. Before Mappo, Dr. Bar served as Chief Scientist at Basis Technology, a company that provides software solutions for text analysis, data retrieval, digital fraud detection and business intelligence. Previously, he was co-founder and CTO at Comprendi, a platform that turns big data into business insights, and CTO at Intuview, a company that developed an "artificial intuition" system for security uses. Dr. Bar has a PhD in computer science from Tel Aviv University, following his thesis on semantics and machine translation, titled "Producing paraphrases for highly biased languages, with a focus on machine translation”. He has a bachelor‘s and master‘s degree in computer science.

Yens Baron
Product Manager
Yens has 18 years of experience in the field of product management, including 7 years at Google, with expertise in UX and product design and processes in various platforms such as vehicles, mobile devices, internet/cloud platforms, and television. Before Mappo, Yens served as a product and UX manager at Amdocs, as a product manager at Waze and Google, and as a product manager for the automotive sector at Intuition Robotics. Before that, he held several positions as product manager and product team manager in several technology companies such as Fjorg, Kenshoo, and pixelpark. He has a bachelor‘s degree in digital communication.

Yuval Vaingast
Business Development and Marketing Manager
Yuval has 20 years of experience in managing marketing in various channels, business development, forming business partnerships, and building marketing, sales and go to market strategies. Before Mappo, Yuval held several senior positions at Gitam BBDO, the largest marketing firm in Israel, first as VP of Customer Service and then as joint CEO. Before that, he served as Deputy CEO at Y&R Israel, and Innovation Manager at La Mark vision.

Danit Yeshaayahu
NLP Developer
Danit is an algorithmist at Mappo, specializing in the development of learning models and NLP. She has experience in designing and developing algorithms for natural language processing systems, locating and implementing the suitable algorithms and tools for NLP tasks, and finding suitable datasets. Before Mappo, Danit served as an analyst at IDF’s 8200 unit. After her service, she worked as a developer of NLP algorithms at Melingo. Danit has a B.Sc degree in computer science and linguistics (Hebrew University) and is currently studying for a master‘s degree in NLP computer science (Bar-Ilan University).

Itamar Givati
AI Developer
Itamar has a deep knowledge of various models and algorithms in the field of machine learning, neural networks and deep learning. As part of his role at Mappo, Itamar develops learning-based solutions for natural language processing algorithms. Before Mappo, Itamar served as a research assistant in the field of deep learning at the College of Management. He holds a bachelor‘s degree in electronics engineering.

Updates

Updates

Currently there are no updates in this pitch

Time benefit
Investment From day 1 Until day 16 an addition of 20.00% of the the shares value
Investment From day 27 Until day 34 an addition of 12.00% of the the shares value
Investment From day 40 Until day 80 an addition of 30.00% of the the shares value
Amount benefit
Investment from an amount of 8,509 and up to an amount of 10,209 an addition of 16.00% of the the shares value
Investment from an amount of 10,210 and up to an amount of 1,000,000 an addition of 25.00% of the the shares value

Example A

  • Investment of ₪13,000
  • On day 8 of the campaign
an addition of of the the shares value

Example B

  • Investment of ₪10,000
  • On day 30 of the campaign
an addition of of the the shares value

Example C

  • Investment of ₪20,000
  • On day 60 of the campaign
an addition of of the the shares value
An investor who makes an investment of ₪13,000 On day 8 of the campaign ill be entitled to additional shares at a rate of of the amount of shares that would have been issued to said investor had he not been entitled to any benefit
An investor who makes an investment of ₪10,000 On day 30 of the campaign ill be entitled to additional shares at a rate of of the amount of shares that would have been issued to said investor had he not been entitled to any benefit
An investor who makes an investment of ₪20,000 On day 60 of the campaign ill be entitled to additional shares at a rate of of the amount of shares that would have been issued to said investor had he not been entitled to any benefit
The financing rounds, made through the ExitValley platform, are in accordance with a model of statutory exemption from publishing a prospectus pursuant to sections 15A(A)(1) and 15A(A)(7) of the Israeli Securities Law - 1968.
Under this model, the disclosure of detailed information on the company and information about the investment in each round of financing are limited to not more than 35 investors, who are not qualified investors, and the round of financing is not in the format of an offering arrangement ("רכז הצעה"), as defined in the Securities Law.
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