"By allowing users to do it, local people living in a neighborhood are solving problems that matter to them and that's why we can build a map that's global," Barden said. "We have users everywhere in the world. The map is global, but we can do it at a reasonable budget and we don't have to be Google to do that."
Bardin said it usually only takes about a few hours or a few days for changes to the Waze maps to be made so that all users can view them.
Apple CEO Tim Cook endorsed the Waze app as an alternative map source for iOS6 users in his apology letter, which was posted on the Apple Website Friday. But Bardin said his company's app, which is available on the iOS platform and Android platform, has seen a significant ramp up in usage since the release of Apple's iOS6 last week, which features the new mapping system.
Bardin said the endorsement is just a preview of what he thinks his company will accomplish.
"We believe that if you look about five years out, there are going to be two maps of the world. There is going to be Google and there is going to be Wazes," Bardin said. "There will be other maps, but in terms of the ability to update and the speed that these maps reflect the real world, we think it's going to be the two of us."