Overview

CARTO offers a cloud-based platform for location intelligence and geospatial analysis, helping businesses across various sectors like real estate and agriculture to gain insights from their data. The platform allows users to create and publish maps quickly, making it easier to visualize and understand data related to location. Unlike traditional GIS tools, CARTO's user-friendly interface is accessible to a broader audience, enabling operational optimization for companies like T-Mobile and Bumble. The company's goal is to empower businesses to leverage location data effectively, with a growing presence in 150 countries.

Simplify's Take

What believers are saying

• CARTO's recognition as Snowflake Telecom Data Cloud Partner boosts credibility in telecom.
• Partnerships with companies like Tembici showcase CARTO's big data capabilities.
• CARTO's eco-friendly packaging partnerships open opportunities in sustainable industries.

What critics are saying

• Emerging geospatial startups could erode CARTO's market share.
• Data privacy regulations may limit location data availability.
• Dependence on third-party cloud providers poses service disruption risks.

What makes CARTO unique

• CARTO integrates AI with geospatial technology for enhanced spatial analytics.
• CARTO's platform supports diverse sectors like real estate and agriculture.
• CARTO offers a Kubernetes self-hosted version for clients preferring on-premise solutions.

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Funding

Total Funding

$97.6M

Meets

Industry Average

Funded Over

5 Rounds

Notable Investors:

Insight PartnersAccel

Notable Investors:

Insight PartnersAccel

$61,000,000

Series C

Dec 2021

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$61M

$62M

$100M

View all funding stages