ROVR Network Secures $2.6 Million Seed Funding for Decentralized 3D Mapping

Coin WorldTuesday, Apr 29, 2025 10:43 am ET
2min read

ROVR Network, a blockchain-native platform specializing in decentralized high-definition 3D mapping, has successfully closed its $2.6 million seed funding round. This round was co-led by Borderless Capital and GEODNET, with additional support from angel investors and IoTeX. The funding will be used to accelerate global operations, hardware deployment, and community-powered data collection.

ROVR, which stands for Robotically Operated Vehicle Research, is pioneering the world’s first decentralized 3D mapping protocol. This protocol delivers real-time, regulatory-compliant geospatial data, which is crucial for the autonomous vehicle industry and research in Spatial AI. The platform combines LiDAR and Real-Time Kinematic (RTK) positioning to achieve centimeter-accurate, street-level mapping. This innovation provides a scalable, open-source alternative to proprietary HD maps used in self-driving vehicles.

Alvaro Gracia, Partner at Borderless Capital, highlighted the significance of ROVR’s technology, stating that it addresses a long-standing need in the automotive industry for high-definition maps to power driverless systems. The partnership between ROVR and GEODNET is seen as a major win for both Borderless portfolio projects, given the immediate utility of the data collected by a community using cutting-edge LiDAR technology.

ROVR has expanded its team across North America, Asia, and Europe, reinforcing its vision of a borderless, decentralized mapping network. The company has also opened a new Silicon Valley office, which will serve as a key hub for partnership development, research, and operations. This strategic move is aimed at fostering maximum protocol alignment and collaboration with GEODNET, which will co-locate its new Silicon Valley office with ROVR’s.

Guang Ling, Founder of ROVR Network, expressed excitement about the support from Borderless and GEODNET, stating that the funding is more than just financial backing—it validates their vision of an open, decentralized, and high-precision 3D mapping network. Mike Horton, Creator of GEODNET, echoed this sentiment, noting that the synergy between GEODNET’s RTK infrastructure and ROVR’s decentralized 3D mapping protocol will create a geospatial dataset that is both global and future-proof.

Concurrently with the funding announcement, ROVR Network has launched the $ROVR Token Generation Event (TGE) ahead of the original schedule. The $ROVR token will serve as the backbone of the platform’s contributor incentives and decentralized data economy. The token is now live on Solana with the smart contract address: FgQ3sxj54SmVzttkxuK4bdiEnUNi6kF9Hyx3ezKW72hn. ROVR’s deflationary tokenomics model ensures that all data sales will trigger a burn mechanism, reducing the supply of both ROVR and GEOD tokens in proportion to ecosystem activity.

ROVR Network is designed to power the future of autonomous systems and spatial AI by transforming geospatial data collection into an open platform built on blockchain and incentivized through token rewards. The platform’s innovative approach to decentralized 3D mapping positions it as a key player in the burgeoning decentralized geospatial data market.