Felt, a leading cloud-native Geographic Information Systems (GIS) platform, announced it has secured $15 million in new funding. The round was led by Energize Capital, with participation from BCV and Footwork.
The GIS market, now valued at $9.8 billion, underscores the critical reliance of most industries on mapping technologies for operations and decision-making. However, despite this growing demand, accessing and leveraging spatial data often remains a significant challenge. Traditional GIS platforms typically require specialized expertise, forcing business teams to route mapping and data requests through technical departments. This slows down workflows and diminishes the utility of valuable geospatial insights. Felt directly addresses this bottleneck by simplifying the connection of any cloud source and enabling the creation of high-performance, user-friendly tools that empower teams across an organization.
Felt’s customer base includes prominent organizations like MSCI, Arevon, Cambridge Systematics, INTENT, and the County of Santa Barbara Department of Public Works, showcasing the platform’s versatility across various industries and use cases. These customers are leveraging Felt to tackle some of today’s most pressing challenges, from delivering renewable energy to mitigating the escalating risks posed by climate change.
Felt’s Enterprise GIS platform is also accelerating critical government initiatives while substantially reducing costs. For example, Northern Arizona University delivered a cutting-edge fire prevention tool to the Arizona Department of Forestry and Fire Management in a fraction of the time and budget initially allocated.
Despite significant investments in cloud data warehouses, spatial data access has continued to be a bottleneck that hinders the speed of decision-making. Felt AI transforms this dynamic by making it faster to get spatial solutions into the hands of the key business units that need them most.
How the funding will be used: This investment will accelerate Felt’s mission to transform the enterprise GIS experience by integrating artificial intelligence into common GIS workflows, ultimately aiming to cut deployment times by 75% and deliver custom spatial tools essential for modern teams.
Felt also plans to use this new capital infusion to expand its team and product offerings, including further development of Felt AI and advanced data analysis tools.
KEY QUOTES:
“We’ve spent the past three years working closely with global enterprises to understand how spatial data can better empower entire organizational workflows—not just GIS teams. Despite major investments in cloud infrastructure, spatial data remains underutilized. Felt changes that by combining the power of cloud-native tools with generative AI, making spatial insights faster to access, easier to scale, and more impactful across every business unit.”
Sam Hashemi, CEO and Co-founder of Felt and former CEO of Remix (acquired for $100M in 2021)
“We needed a tool to share real-time spatial data with dozens of Arizona’sDepartment of Forestry and Fire Management foresters across the state. Our initial estimate was a year of development work and $250,000 in consulting fees. With Felt, our team built the EcoMonitor in just a few weeks, delivering critical forest health and fire-prevention data to the hands of our foresters a year early.”
Alexander Shenkin, Director of the Ecosystem Science and Innovation Lab at NAU
“Our team has done extensive research on the GIS market – and we have found that legacy tools have not kept up with the needs of the modern enterprise, which hemorrhage money on services as a result. Felt’s customers are delighted by the platform performance and intuitive design that makes it easy for anyone on the team to adopt. Their traction is undeniable, and with AI, they are about to transform the GIS experience even further.”
Juan Muldoon, partner at Energize Capital
