HERE is close to signing more investors!

Could Facebook be interested in investing in here?


Maps have been in the tech radar for a while now – thanks to the interest in Autonomous cars. Earlier this year, it was rumoured that Microsoft and Amazon were both interested in investing in HERE in order to protect their cloud services business and it looks like those rumours might be settled pretty soon.

Edzard Overbeek, the CEO of HERE told Recode earlier last week they are looking to add new investors by the end of this year (Recode article).

“It’s some really big names,” Here chief Edzard Overbeek said in his first U.S. interview since joining the company in March. “My focus is to get this to closure by the end of this calendar year,” 

Overbeek, a former Cisco executive, said he has been traveling the globe meeting with current and prospective Here customers to see who might be right to take a stake in the company. “It’s not just financial investment we are looking for,” he said – Recode article 

Facebook, Microsoft and Amazon

The names mentioned in the recode article – Microsoft, Amazon, Facebook have been rumoured to be interested in HERE since 2015/16. Its clear what the ambitions and interests of Microsoft and Amazon are, to a certain extent. On the other hand, Facebook’s interest in HERE and its maps are perhaps the most interesting. Facebook has been using HERE’s maps in its apps for a while now and has been aggressively marketing its iBeacons platforms to retail outlets. It would be interesting to see if Facebook does indeed invest in HERE. We just have to wait a little longer 🙂

I am one of those passionate "Geo-geeks" and "Geo-people" who is just too excited about everything Geo and Management. Location information and spatial technologies are just too big to take a back seat and watch them revolutionize the world. Always curious and looking for ways to innovate, I guess that it comes naturally by the gene pool I inherited from an engineer Mom and a researcher Dad.