We just raised $15M to transform enterprise GIS with AI

Felt has secured a $15 million funding round led by Energize Capital, with contributions from Bain Capital Ventures and Footwork VC, to enhance its mission of revolutionizing GIS workflows by integrating AI into spatial data processes. The company addresses the challenges of traditional GIS platforms, which often require specialized expertise and delay the usage of geospatial insights across business teams. Felt's approach simplifies connectivity to cloud sources and develops user-friendly tools that expedite the delivery and scalability of spatial insights, as demonstrated by Northern Arizona University's rapid development of a tool for real-time data sharing. Investors, including Juan Muldoon of Energize Capital, recognize the limitations of legacy GIS tools and are optimistic about Felt's innovative platform and its potential to transform the industry further with AI advancements. The new funding will be used to expand Felt's team and product offerings, including AI development and data analysis tools.

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