TerraGo raises USD6.3 M in Series A round of Financing

TerraGo raises USD6.3 M in Series A round of Financing

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Georgia, USA, 16 May 2007: TerraGo Technologies announced that the company has raised $6.3 million in a Series A round of financing led by early-stage venture capital firm RedShift Ventures.

The investment saw participation from CNF Investments, the private equity and venture capital arm of Clark Enterprises and In-Q-Tel, the independent strategic investment fund that identifies technologies to support the missions of the Central Intelligence Agency (CIA) and the larger U.S. Intelligence Community.

TerraGo Technologies will use the funds to further invest in product development and to rapidly build on momentum in the commercial and government marketplaces for its one of a kind geospatial distribution and collaboration format, GeoPDF.

“Adoption of the GeoPDF geospatial data distribution and collaboration format is accelerating quickly across numerous market segments,” said James C. Davis, President and CEO of TerraGo Technologies. “This investment along with the relationships and expertise our new investors provide will allow us to grow the company to meet that market demand and engage in additional opportunities both in the U.S. and internationally.”

As such, the GeoPDF format makes it simpler to push geospatial data to users anywhere who can view and update maps whether connected or not and leverage powerful Adobe collaboration tools to share information in real or near real time.

The GeoPDF format provided by TerraGo is the geospatial industry’s PDF-based data distribution and collaboration solution. With GeoPDF TerraGo Technologies is providing a solution for quickly and easily distributing interactive georegistered mapping data in a format that is well-known to most people. Using MAP2PDF, geospatial professionals are able to convert complex geospatial information into user friendly, interactive GeoPDF files with extensive embedded data and mapping features.