CartoDB, a New York-based provider of a location data analysis and visualization platform, closed $23m Series B funding.
The round was led by new investor Accel Partners, with participation from new investor Salesforce Ventures and existing investors Earlybird Ventures and Kibo Ventures.
The company, which has raised $31m in total, intends to use the funds to accelerate product development, increase global awareness of CartoDBsolutions, and expand sales and partnership programs worldwide. As part of this investment, Harry Nelis of Accel joined CartoDB’s Board of Directors.
Led by Javier de la Torre, co-founder and CEO, and Sergio Alvarez, co-founder and Chief Product Officer, CartoDB provides a location intelligence and data visualization platform, which allows organizations and individuals to extract valuable insights from location data. The company’s technology is used together with big data and real-time systems to develop custom location intelligence applications.
Clients include Amtrak, Axa, BBVA, Deloitte, Google Trends, Mexico City, National Park Service, New York City, Royal Bank of Scotland, and Twitter, among others.