Carto

Carto

A platform that turns spatial data into an efficient delivery route, better behavioral marketing, and strategic store placements.

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$61.0m

Series C
Total Funding000k

Financials

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More about Carto
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CARTO is a cloud-based platform that specializes in location intelligence and geospatial analysis. It operates in the data science and analytics market, serving a wide range of clients from various sectors such as commercial real estate, consumer insights, telecommunications, and agriculture.

CARTO's platform allows businesses to unlock location insights from their cloud data warehouse, enabling them to understand not just where things happen, but why they happen there. This capability is a core part of modern data science and analytics teams, and is no longer limited to GIS (Geographic Information System) specialists.

The company's business model revolves around providing a platform that makes it easier for businesses to create, update, and publish maps faster. This saves valuable time and resources, and allows businesses to provide better services to their clients. For instance, real estate companies can identify new opportunities more efficiently, while consumer insight companies can visualize massive sets of data more effectively.

CARTO also helps businesses optimize their operations. For example, it has helped T-Mobile analyze service qualification at a larger scale, and Bumble to focus their marketing budgets more effectively. It has also aided in boosting revenue across 4,000 dealerships for Groupe Renault, and improving agricultural sustainability for thousands of farmers.

In terms of revenue, CARTO makes money by charging businesses for using its platform. The company has a growing market share in 150 countries, indicating a strong global presence and potential for further growth.

Keywords: Location Intelligence, Geospatial Analysis, Data Science, Cloud-Based Platform, Real Estate, Consumer Insights, Telecommunications, Agriculture, Operational Optimization, Global Market.

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Investments by Carto

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Nutiteq
ACQUISITION by Carto Feb 2016
Geographica
ACQUISITION by Carto May 2019