About CARTO
CARTO is a company based in New York (United States) founded in 2012.. CARTO has raised $123 million across 7 funding rounds from investors including Accel, Hearst and Plug and Play Tech Center. CARTO has completed 2 acquisitions, including CARTO and Nutiteq. CARTO offers products and services including Spatial Analytics Platform, Data Visualization, App Development Toolkit, and Data Enrichment. CARTO operates in a competitive market with competitors including Odoo, Foursquare, OutSystems, DigitalOcean and Orbital Insight, among others.
- Headquarter New York, United States
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Products & Services of CARTO
CARTO offers a comprehensive portfolio of products and services, including Spatial Analytics Platform, Data Visualization, App Development Toolkit, and Data Enrichment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for cloud-based data analysis and processing pipelines
Tool to build interactive maps and dashboards with spatial data
Toolkit for creating scalable spatial applications on cloud
Service for enhancing datasets with global geospatial information
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Funding Insights of CARTO
CARTO has successfully raised a total of $123M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $61 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $61.0M
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First Round
First Round
(09 Sep 2014)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Series C - CARTO | Valuation | Insight Partners | |
| Sep, 2020 | Amount | Series B - CARTO | Valuation |
investors |
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| Aug, 2020 | Amount | Grant - CARTO | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in CARTO
CARTO has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Hearst and Plug and Play Tech Center. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Technology sectors are invested in by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CARTO
CARTO has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CARTO and Nutiteq. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Indoor mapping, geomarketing, IoT, and analytics services are provided.
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2007 | ||||
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Software development kit for creating 2D and 3D maps
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2006 |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CARTO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Carto Comparisons
Competitors of CARTO
CARTO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Odoo, Foursquare, OutSystems, DigitalOcean and Orbital Insight, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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Foursquare is recognized as a leader in geospatial technology.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
Cloud based integrated application development platform
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| domain | founded_year | HQ Location |
Geospatial data is analyzed from satellite imagery for enterprise insights.
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| domain | founded_year | HQ Location |
Cloud-based dashboards for data visualization and analysis are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carto
Frequently Asked Questions about CARTO
When was CARTO founded?
CARTO was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is CARTO located?
CARTO is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of CARTO?
Luis Sanz is the current CEO of CARTO.
Is CARTO a funded company?
CARTO is a funded company, having raised a total of $123M across 7 funding rounds to date. The company's 1st funding round was a Grant of $2.17M, raised on Sep 09, 2014.
What does CARTO do?
CARTO was founded in 2012 and is headquartered in New York, United States. A cloud-native intelligence platform is operated in the spatial analytics sector, where organizations leverage spatial data for analysis and application development. Basemaps are supplied for mapping and apps, alongside scalable pricing models for analytics and detailed documentation to support users.
Who are the top competitors of CARTO?
CARTO's top competitors include DigitalOcean, Foursquare and Heroku.
What products or services does CARTO offer?
CARTO offers Spatial Analytics Platform, Data Visualization, App Development Toolkit, and Data Enrichment.
Who are CARTO's investors?
CARTO has 10 investors. Key investors include Accel, Hearst, Plug and Play Tech Center, European Union, and Kibo Ventures.
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