What is CARTO?
Headquartered in New York with a strong international presence in Madrid, Seville, and London, CARTO provides a comprehensive location intelligence platform. The company specializes in spatial data science, offering a sophisticated suite of tools that includes a visualization engine, a location data catalog, and professional services packages. By enabling organizations to derive actionable insights from spatial data, CARTO serves as a critical infrastructure layer for businesses looking to optimize operations through geographic context. Its market position is defined by its ability to bridge the gap between complex spatial analytics and user-friendly, cloud-based visualization.
How much funding has CARTO raised?
CARTO has raised a total of $98.7M across 4 funding rounds:
Series A
$8M
Private Equity
$6.7M
Series B
$23M
Series C
$61M
Series A (2014): $8M with participation from Earlybird, Vitamina K Venture Capital, and Kibo Ventures
Private Equity (2015): $6.7M, investors not publicly disclosed
Series B (2015): $23M supported by Accel Partners, Earlybird Venture Capital, and Kibo Factory
Series C (2021): $61M featuring Hearst, European Investment Fund, Kibo Factory, Salesforce, Accel, Insight Partners, and Earlybird
Key Investors in CARTO
Accel
A global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth, focusing on supporting innovative entrepreneurs.
Earlybird
Founded in 1997, Earlybird is a venture capital investor focused on European technology innovators, investing in technology, medical, and other related sectors.
Salesforce
A global leader in customer relationship management software that provides a comprehensive suite of cloud-based solutions, including analytics and business intelligence platforms.
What's next for CARTO?
With the infusion of capital from its latest funding round, CARTO is well-positioned to scale its enterprise offerings and deepen its integration within the global data analytics ecosystem. The strategic focus will likely center on expanding its location data catalog and enhancing the capabilities of its spatial analysis engine to meet the increasing demand for real-time geospatial intelligence. As the company matures, it is expected to leverage its partnerships with major technology and financial entities to further penetrate the enterprise market, solidifying its role as the standard-bearer for location-based decision-making tools.
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