Insight Partners led a $61m Series C funding round in CARTO.

Insight Partners, a venture capital and private equity firm, led a $61m Series C funding round in CARTO, a developer of location-based service and visualization engine, with participation from European Investment Fund, Accel, Salesforce Ventures, Hearst Ventures, Earlybird and Kibo. "Now, thanks to our cloud native offering, they can also perform spatial analytics on top of them. Our Spatial Extension runs on top of all the major data warehouses and takes full advantage of all their benefits, giving our users a complete suite for geospatial analysis that is highly performant, scalable and secure. And because Spatial SQL uses all the same elements and structure of regular SQL, it is compatible with all modern analytics stacks. Whether it is site selection for brick & mortar, route optimization in logistics or customer segmentation in CPG - more and more businesses want to understand not only where things are happening, but also why they are happening there - and that's what CARTO enables," Luis Sanz, CARTO CEO.