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September 10th, 2014
CartoDB Raises $8M for Building a Cloud-based Market for Geospatial Products

CartoDB is a cloud based open-source mapping platform for everything from simple visualizations to complex but highly scalable geospatial applications and analytics. The company is not focused on base maps (e.g. google maps, Nokia Here, Mapbox) but on the data and application layer on top of maps. CartoDB is backed up by a rapidly growing grass-roots community, which constantly contributes to the quality and quantity of available data and applications on the platform. Users can access the platform through a simple editor or an API for more advanced functionalities.

CartoDB is announcing the CartoDB Developers Program, a program to partner with companies and developers to create geospatial products for the cloud-based marketplace. CartoDB will use part of the investment received to provide resources (design, technical consultancy, marketing) for developers to accelerate the creation of specialized geospatial products for the forthcoming CartoDB Marketplace.

CartoDB will be focusing on building the fastest, most flexible, and consistently reliable backend so that developers can focus on building innovative geospatial solutions for customers. CartoDB will be creating data services and APIs that developers can leverage easily and invisibly inside their applications. CartoDB will work closely with application developers to provide them with the support needed to create apps, by investing in design, sales, and marketing so development and commercialization are accelerated.

“The future of geo isn’t a single app with hundreds of buttons. The future of geo is hundreds apps with a single button”, said Javier de la Torre, CEO and Founder of CartoDB. “We’re here to help you think creatively and work smart. Get further, faster by joining efforts with us on the CartoDB Marketplace”

The company has over 50,000 users and over 100,000 active map applications on the platform. Over the last 12 months, CartoDB has witnessed 300%+ y-o-y growth in the number of active users and data sets contributed to the platform each month, putting the company on track to become a geospatial standard of the web. With its current offering the company is addressing every major industry and active at the intersection of the $2.5bn market for geography information systems, the $4.2bn data visualisation market and the $7.5bn market for location based services.

“If you are thinking of designing an interactive map on the web, we want you to think CartoDB first. If you are thinking of developing a location-based mobile app, we want you to think CartoDB first. If you are thinking of creating a real-time dashboard, we want you to think CartoDB first,” said Sergio Alvarez, VP of Product and Co-Founder. “The geospatial capabilities of our platform combined with the ability to add beautiful design to yours maps is helping to make CartoDB ubiquitous.”

The platform is not only accessible to data scientists, but is democratizing the application layer so it becomes accessible to a much broader audience. Since releasing in early 2012, CartoDB has become a daily tool in the workflows of countless global news desks (e.g. Los Angeles Times, The Guardian), government agencies (e.g. National Park Service, City of Buenos Aires), sales and business intelligence teams (e.g. REA Group), and even educators (e.g. Stanford, CUNY). CartoDB is currently in use at every major Ivy League university and is being taught in curriculums from high schools to advanced degrees. It is through commitment to building a product that spans a diversity of users and providing materials that support education that the company hopes to speed up the geospatial revolution.

The venture round was provided by Earlybird Venture Capital, together with Kibo Ventures and Vitamina K.