Socrata, a Seattle, WA-based cloud software company focused exclusively on democratizing access to data in government, received a strategic investment and signed a technology development agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the U.S. Intelligence Community.
Under the terms of the deal, the two organizations will work together to further develop Socrata’s data consumerization platform for internal business analysts in data-rich organizations.
Founded in 2007 by Kevin Merritt, CEO, Socrata provides government entities with a cloud-based platform to transform raw data from multiple sources into sophisticated and useful resources, such as apps, reports, maps, visualizations, dashboards and application programming interfaces (APIs). Users include the World Bank, Medicare, Data.gov, EnergyStar, New York City, Chicago, San Francisco, Oregon, Montgomery County, and Maryland.
In June, the company closed an $18m Series B round of financing, led by OpenView Venture Partners with participation from existing investors, Frazier Technology Ventures and Morgenthaler Ventures.