CARTO has raised $61 million in funding led by Insight Partners and European Innovation Council (EIC) Fund, with participation from existing investors, to lead the way in cloud-native spatial analytics. The company aims to enable users of modern analytics stacks to bring cloud-native location intelligence to the enterprise, providing a scalable and cost-effective solution for working with spatial data. With support for major cloud data warehouses, CARTO offers a fully cloud-native approach to spatial analytics, enabling customers to perform spatial analysis natively in the cloud. The company's Spatial Extension is compatible with all modern analytics stacks, allowing businesses to understand not only where things are happening but also why they are happening there. CARTO is well-positioned to address some of the biggest challenges of our generation, such as climate change or inequality, using geospatial data as a powerful enabler.