Geofusion, a Brazil-based company providing three-dimension maps, has raised an undisclosed amount from a consortium including Intel Capital, the corporate venturing unit of the eponymous chip maker.
Reinvesting in the latest round for Geofusion was Criatec, a BR100m ($48m) investment fund backed by Brazil’s National Bank for Social and Economic Development (BNDES) and Banco do Nordeste (BNB), managed by SP Ventures.
Alexandre Villela, Intel Capital’s investment director based in São Paulo, Brazil, is responsible for Geofusion in collaboration with US-based peer Mark Rostick.
David Thomas, managing director for Intel Capital in Latin America, said: “Geofusion’s solutions can be useful for a large variety of industry verticals and their software as a service cloud-based business model enables offerings for customers of all sizes, not just large corporations.”
The deal is Intel Capital’s second investment in a Brazilian big data company, following its February investment in WebRadar, an analytics company delivering operational intelligence for telecom, energy and transportation markets.