US-based geospatial software developer Boundless secured more than $5m in a series B round led by Motorola Solutions Venture Capital, data communications and telecoms equipment producer Motorola Solutions’ corporate venturing unit.
Existing investors Vanedge Capital, a venture capital fund backed by game producer Electronic Arts, and In-Q-Tel, the investment vehicle of the US intelligence community, also participated in the round.
Boundless develops software used to manage data, and to build maps and applications that incorporate spatial information into modern workflows. It will put the funding towards engineering and sales expansion.
Andy Dearing, chief executive of Boundless, said: “Motorola Solutions leading this round of financing along with our original investors is a testament to the opportunity not only in geospatial software but in the potential of open source.
“We are honoured by the recognition of both our vision and results, and look forward to using this investment to continue delivering great value-added services and solutions to our customers in 2016.”
Then known as OpenGeo, Boundless raised $3m from Vanedge at the time of its launch in 2013, and another $2.3m in March 2014 according to a regulatory filing.