Nokia today announced the acquisition of Metacarta, a 30 people U.S.-based company that specializes in the geo-referencing of unstructured content. “MetaCarta’s technology will be used in the area of local search in Location and other services”, said Nokia in a short statement today.
Geographic Search and Referencing Platform (GSRP) is the core product of Metacarta. Put simply it identifies geographic references contained in a document and allows this document to be searched with geo queries.
Metacarta was founded in 2001 and is headquartered in Cambridge, Massachusetts. In 2002 the company raised an undisclosed Series A funding from CIA backed VC fund In-Q-Tel, then $6.5 million in a Series B (2004) and $10 million in a series C (2005). Investors list includes Sevin Rosen Fund, FA technology Ventures, Solstice Capital, Chisholm, Covera Ventures, Chevron technology Ventures and In-Q-Tel.
MetaCarta has been working with customers in government, media, technology and utility sectors such as US Army, US Navy, unnamed US intelligence agencies, Schlumberger, Microsoft, BBC, CBS Interactive and Reuters.
While being a private company Metacarta was however publicly reporting on its growth. Sales increased by over 100 percent in Q4 2009 compared with the same period the prior year.