We’ve raised $12.3M in Series B funding!

We’re extremely pleased to announce that we have received $12.3M in a Series B round of funding led by Greylock Partners, which also includes our original investor Sunstone Capital.

This new investment will be used by CloudMade to do two primary things:

  • Expand our support to developers and businesses in building and monetizing apps, products and services that use maps and location – this will supplement our existing developer products which include:  Style Editor, Data Market Place and Navi Studio
  • Building out and adding to our popular suite of consumer mapping products, Mapzen which severely reduce the complexity of mapping for all

We welcome Arnon Dinur, Partner at Greylock to our Board of Directors and look forward to leveraging his expertise. Commenting on the funding Arnon said:

“CloudMade is leading a dramatic change in the way maps and location data are being created, distributed, used and monetized,” said Greylock Partner Arnon Dinur, who joined CloudMade’s Board of Directors as part of this investment. “We believe that consumers and developers’ needs for daily updated maps with greater detail and relevance, will explode in the coming years. Using CloudMade’s platform enables the best return on investment to meet this growth.”

We look forward to continuing supporting developers and the OpenStreetMap community with new innovative products.

July 27th, 2010 - Posted by Nick Black in news