| Founded | 2012 |
|---|---|
| Closed | 2022 |
| Country | Spain |
| Sector | Saas |
| Collapse type | Mass Layoff Spiral |
CARTO
"CARTO raised 88 million dollars to become the leading cloud-native spatial analytics platform for enterprises — and cut 30 percent of its workforce in 2022 as BigQuery, Snowflake, and Databricks absorbed spatial analytics natively and reduced its addressable market."
Cascading layoffs that accelerated the decline
Key Events Timeline
CARTO built a location intelligence and geospatial analytics platform widely used by GIS professionals and data teams.
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