Facebook buys Mapillarystart-up, outruns Google and Apple’s maps lead

This helps to create a highly detailed street-level map of the world. It was founded in 2013 and its computer vision software determines the place based on road markings and traffic signs in the image. Map builders can also use this data in there mapping software.

Mapillary announced the acquisition through the company blog post on Thursday. Although, CEO Jan Erik had not revealed any detail about the financial exchange between both companies. He added that the features of Mapillary would not change for the users in the short term.

The acquisition has allowed Facebook to bolster the maps it offers by making them more accurate. Although Facebook is not known for its mapping efforts as companies like Apple and Google are. These two business giants have invested heavily in street mapping in the last years. 

However, users know Facebook for its Facebook Marketplace that helps them to buy and sell things in their area. The CEO, Mark Zuckerberg said that he is using the combination of machine learning, satellite imagery, and partnerships with mapping companies to improve its maps. 

Mapillary's company post confirmed that the users will still be able to continue to upload Street imagery and use the map data. It said that the data would remain open and free to use for both commercial and non-commercial purposes. 

Mapillary will be part of FB's broader mapping initiative. The maps will power the Facebook Marketplace that is the income source of millions of small businesses. Through this acquisition, Facebook will be able to build AR and VR headsets. 

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