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Building a foundational map of humanity using machine learning

WASHINGTON, D.C, June 7, 2021 — (PRNewswire) — Geospatial data and analytics company Fraym announced a Series B financing to further scale their AI/ML software for mapping humanity.

Fraym is the preeminent global provider of geospatial data for understanding population dynamics. Dozens of data-driven organizations like Mastercard, the World Bank, Department of Defense, and USAID rely on Fraym's foundational data to drive impact and mission success. Over the past 5 years, the company has:

"Fraym has executed on ambitious product and customer success goals year after year. This raise will further accelerate our mission of mapping humanity and deliver a future where solutions around the world are built on hyper-local, spatially standardized data,"  said Fraym CEO and Co-Founder, Ben Leo

This $7 million in additional funding, largely from Fraym's existing investors, will support further capital-efficient development of cutting-edge product and delivery solutions. All of which trailblaze a new frontier in location-based data about people—one that protects individual privacy.

About Fraym

Fraym uses AI/ML powered software to generate hyperlocal insights on communities around the globe. The company's location-based data about population characteristics and behaviors is employed by governments and organizations tackling some of the world's most pressing challenges. Data created by their proprietary algorithms provides local-level insight on livelihoods, demographics, attitudes, behaviors, health, access to public services, and more. This advanced geospatial data and analysis is available for 100+ countries at one square kilometer resolution.

Contact: Rachel Mandell, Email Contact

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SOURCE Fraym

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Company Name: Fraym
Web: https://fraym.io