Felt Raises $15M to Transform Enterprise GIS with AI

Cloud-native spatial platform eliminates GIS bottlenecks, reduces deployment time by 75% with AI-powered tools

OAKLAND, Calif., July 15, 2025 /PRNewswire/ -- Felt, the leading cloud-native Geographic Information Systems (GIS) platform, today announced it has raised a $15 million funding round led by Energize Capital, with participation from BCV and Footwork. The funding will accelerate Felt's mission to transform the enterprise GIS experience by injecting artificial intelligence throughout common GIS workflows, ultimately cutting deployment times by 75% and delivering the custom spatial tools modern teams need to achieve their goals.

Today, most critical industries rely on mapping technologies for operations and decision-making, driving what is now a $9.8 billion GIS market. Yet despite this growing demand, accessing and leveraging spatial data remains a challenge. Because traditional GIS platforms demand specialized expertise, business teams are often forced to route mapping and data requests through technical departments, slowing workflows and diminishing the utility of valuable geospatial insights. Felt eliminates this bottleneck by making it simple to connect any cloud source and build high-performance, user-friendly tools that empower teams across the organization.

"We've spent the past three years working closely with global enterprises to understand how spatial data can better empower entire organizational workflows—not just GIS teams," said Sam Hashemi, CEO and Co-founder of Felt and former CEO of Remix (acquired for $100M in 2021). "Despite major investments in cloud infrastructure, spatial data remains underutilized. Felt changes that by combining the power of cloud-native tools with generative AI, making spatial insights faster to access, easier to scale, and more impactful across every business unit."

Felt's customer base includes prominent organizations such as MSCI, Arevon, Cambridge Systematics, INTENT, and the County of Santa Barbara Department of Public Works, demonstrating the platform's versatility across industries and use cases. Their customers are tackling some of today's most pressing challenges – from delivering renewable energy to mitigating mounting risks posed by climate change.

Felt's Enterprise GIS platform is also accelerating critical government initiatives while reducing costs substantially. Northern Arizona University delivered cutting-edge fire prevention tool to Arizona Department of Forestry and Fire Management in a fraction of the time and budget initially allocated to the task:

"We needed a tool to share real-time spatial data with dozens of Arizona's Department of Forestry and Fire Management foresters across the state," said Alexander Shenkin, Director of the Ecosystem Science and Innovation Lab at NAU. "Our initial estimate was a year of development work and $250,000 in consulting fees. With Felt, our team built the EcoMonitor in just a few weeks, delivering critical forest health and fire-prevention data to the hands of our foresters a year early."

Despite big investments in cloud data warehouses, spatial data access continues to be a bottleneck that constrains decision-making velocity. Felt AI transforms this dynamic by making it faster to get spatial solutions into the hands of the key business units who need them.

"Our team has done extensive research on the GIS market – and we have found that legacy tools have not kept up with the needs of the modern enterprise, which hemorrhage money on services as a result," said Juan Muldoon, partner at Energize Capital. "Felt's customers are delighted by the platform performance and intuitive design that makes it easy for anyone on the team to adopt. Their traction is undeniable, and with AI, they are about to transform the GIS experience even further."

Felt plans to use this new capital infusion to expand its team and product offerings, including Felt AI development and data analysis tools. To learn more, visit Felt.com.

About Felt

Felt the first cloud-native GIS platform that transforms how modern organizations work with spatial data. Founded in 2021 and headquartered in Oakland, California, Felt combines intuitive design with powerful AI capabilities to deliver unmatched performance, making it simple for any team to build and deploy sophisticated spatial tools.

For more information, visit Felt.com.

About Energize Capital

Energize Capital is a leading investor in climate solutions. Founded in 2016 and based in Chicago, Energize seeks to scale sustainable innovation by partnering with the builders and operators shaping the future. To date, Energize has funded 36 companies and deployed more than $920 million through its Venture and Endurance strategies. Founded in partnership with Invenergy, the firm is backed by strategic, institutional, and impact LPs including Första AP-Fonden (AP1), GE Vernova, Capricorn, CDPQ, Builders Vision, UBS, WEC, Reference Capital, Keeling Capital, Keysight Technologies, WEX Venture Capital, and more. For more information on Energize, please visit www.energizecap.com.

Media Contact:

Rachel Zack, [email protected]

SOURCE Felt