MAPS Messaging
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Date of Foundation

MAPS Messaging

Advanced IoT Message Routing and Brokering Startup

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The Idea origin story

MAPS Messaging aims to enhance communication among IoT devices, platforms, and systems by providing a secure, scalable, and robust messaging layer. We address key issues of device fragmentation, security vulnerabilities, and limited resources, while ensuring interoperability via support for multiple protocols such as MQTT, CoAP, and HTTP. Our solution fosters low-latency communication and empowers developers to effortlessly integrate and escalate their IoT applications.

The Mission

Our vision is to drive IoT communication evolution with reliable, innovative messaging systems. Our mission is to offer multi-protocol IoT solutions for seamless, secure data flow.

Clients

Our potential customers include IoT device manufacturers, IoT platform providers, and developers of IoT applications.

Problems we solve

Client’s problem

Our product solves key IoT communication issues like fragmented protocols, scalability problems, and unreliable data transfer. We ensure seamless multi-protocol message routing that improves efficiency and enables innovation.

Confirmation of problem

The issue is pivotal as unresolved IoT communication challenges like fragmented protocols and poor scalability could impede growth and stifle innovation.

Solution

Our product, MAPS Messaging, is an open-source tool that enables seamless IoT messaging with cost-effective scalability and reliable data processing.

Our technologies

This solution is based on technologies

How it works

Value for the client

Market and strategy

Market size

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

% of the market

Is our goal in the next 3 years

Team

My name’s

Alex Kritikos

My key role in the product

As the co-founder and CEO with 25 years of experience in MOM software, I manage product development, marketing, sales, admin duties, fundraising and recruiting.

Team size and key members

Our team, including 2 co-founders and advisors, have years of experience in messaging software development. We're working on version 3.7 with a focus on ML functionality.

Competitors

Competitors

Our Advantages

Our startup delivers value through an open-source platform that supports multiple standards, protocols, and transport mechanisms. This flexibility allows for cost-effective deployments with high availability and scalability. Additionally, our built-in machine learning capabilities and advanced analytics provide the power to translate data into actionable intelligence.

Business model

Our startup derives revenue from an annual support subscription for our open-source product, premium editions with enhanced features, upcoming SaaS offerings and professional services as needed.

Traction

Over the past six months, we’ve fine-tuned our REST API, kick-started web console development and integrated machine learning functionality into our engine. Our operations have shifted to BuildKite for CI/CD, and field testing has commenced. We've also incorporated in the Netherlands.

Post-funding, we aim for a market-ready product, significant user base & strategic partnerships. This progress will validate our business model, boosting growth strategies & attracting further investment.

Metrics

Our current goal is to recruit 10-20 alpha testers for our premium offering. In the future, we plan to track performance metrics like message delivery time, support for concurrent devices, system utilization rates on constrained devices, service uptime, and compliance with IoT security frameworks.

At present, our financial metrics are driven by self-investment from the two co-founders, which funds operations as we gear towards the product experimental phase and creation of premium services. Revenue generation is primed post these strategic initiatives.

Incorporation

Our company incorporated in

Netherlands

Key risks

Our main risks involve emerging cybersecurity threats to IoT, sector-specific regulatory constraints limiting data sharing, heightened competition as more entrants join the field, resource strains due to rapid tech advancements and potential market volatility impacting demand.

Investments

$

We raised investments

Our Investors

Currently the startup is self funded. We are looking at goverment grants, angel investors and eventually a pre-seed round.

Rising Investments

$

500000

Currently, we are raising investments

$

We do not know hence we plan to raise a convertible note.

Estimated pre-investment valuation of the company

Request additional information

We’re looking for a co-founders

Open positions

Article

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Additional information

The co founders have co founded a software startup before, grew organically and sold. They have over 25 years each developing mom. They sit on standards committees.

MAPS Messaging
Date of Foundation