Socrata, a Seattle, WA-based cloud software company that focuses on democratizing access to data in government, closed an $18m Series B financing.
The round was led by OpenView Venture Partners, with participation from existing investors Morgenthaler Ventures and Frazier Technology Partners. In conjunction with the funding, Scott Maxwell, OpenView’s senior managing director and founder, will join Socrata’s Board of Directors.
The company intends to use the funds to expand its cloud infrastructure, increase adoption of its solution, operationalize recently signed strategic partnerships; and develop new products.
Led by Kevin Merritt, founder and CEO, Socrata provides a cloud data consumerization platform that enables governments to open data and transform it into useful information that for citizens, developers, and government employees can access, visualize, share and reuse. The World Bank, Medicare, Data.gov, EnergyStar, New York City, Chicago, San Francisco, Oregon, Montgomery County, and Maryland, have used Socrata.
FinSMEs
26/06/2013