Snap Acquired StreetCred

According to TechCrunch’s report, Snap, the parent company of Snapchat has acquired StreetCred, a digital mapping startup company.

On StreetCred’s website, the company wrote,” We’re a small group of individuals with deep experience in open mapping software and data, design, and engineering. We think the time is right for a high-quality, permanent, decentralized solution to the place data problem.”

Check more about StreetCred, HERE.

The news was confirmed by Snap to TechCrunch and added that the acquisition will result in four StreetCred team members joining the company.

Snap confirmed the news to TechCrunch and said the acquisition will result in four StreetCred team members — including co-founders Randy Meech and Diana Shkolnikov — joining the company, where they’ll be working on map and location-related products.

-TechCrunch

The members joining the company include co-founders Randy Meech and Diana Shkolnikov and they will be working on map and location-related products.

It was stated in the TechCrunch report that “While the financial terms of the acquisition were not disclosed, the existing StreetCred platform will be shut down as part of the deal.”

Source: TechCrunch

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