Cartasite

Cartasite

United States
Cartasite is leveraging realtime telemetry to streamline operations, reduce risk, enhance security, and ensure effective utilization of critical assets for some of the world’s largest energy and natural resource corporations. The Company has deployed sensors in 38 countries monitoring everything from pickup trucks to offshore drilling rigs for global enterprises like ConocoPhillips, Anadarko, 3M and Freeport McMoRan. Cartasite doesn’t build hardware. It builds the algorithms that sift through the torrents of data streaming into two, fully redundant clouds identifying the anomalies that direct more efficient response from field workers. Cartasite has well established, multiyear, recurring revenue service contracts with over 70 enterprise customers. As one of the fastest growing Industrial IoT SaaS companies in the energy and natural resource verticals, Cartasite has established a reputation for superlative service and pragmatic innovation. The Company’s realtime geospatial dashboard, worldVIEW, is used to monitor operational status and orchestrate response to critical events. Thematically, Cartasite has a disciplined focus on those industries that must increasingly operate as a geographically distributed factory floor. The Company believes that realtime operational intelligence and geospatial business process optimization will be critical differentiators in the Industrial Internet of Things. The energy and natural resource sectors are adjusting rapidly in response to low commodity prices. The focus on operational efficiency is driving adoption of new technologies and methodologies. Deployment of M2M sensors is transforming field operations within these sectors. Cartasite is positioned precisely at the nexus with proven, deployed solutions to reduce operating costs, ensure regulatory compliance, and enhance safety and security.
Founded date
01/02/2004
# of employees
11-50
Company type
For Profit

General & financials

Estimated revenue
$1M to $10M
# of funders
1
Founders
David Armitage
Industry group
Data and Analytics, Energy, Internet Services, Mobile, Natural Resources, Navigation and Mapping, Privacy and Security, Software, Sustainability

Founding

Top 5 investors
Acadia Woods Partners, Bison Capital Asset Management, Curran Companies, Canterbury Partners
# of funding runds
5
Last founding
$7.500.000
Total funded
$21.230.899

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