Home
 
Chisholm Venture Capital Home
Chisholm's Management Team
Chisholm's funds
Chisholm news
Chisholm's values
Links to other information resources
Frequently Asked Questions
Phone, Email, Maps
 
     
Chisholm Media Contact
Andrew Naugher
H2PR
andrewn@H2PR.com
918.249.9521
 
MetaCarta Media Contact
Regis Mencer
Advice Unlimited
regis@adviceunlimited.net
301.924.0330
     

Chisholm Private Capital Participates in $6.5 Million Round for MetaCarta
Geographic-based technology greatly enhances document search and retrieval

OKLAHOMA CITY (January 7, 2004) — Chisholm Private Capital Partners announces today it has participated in a $6.5 million Series B funding for MetaCarta, Inc., a pioneering geographic information application solutions provider. Other investors include the lead firm Sevin Rosen Funds, Dallas; as well as Solstice Capital, Boston; and Chevron Technology Ventures LLC, Houston.

"The public and private sector continue to demand greater payback from their investments in technology infrastructure during the past 10 years, and that means looking for more intelligent applications to better manage their data," says Jeff Williams, general partner of Chisholm Private Capital Partners. "MetaCarta fills a significant void in the document management sector by allowing companies and organizations to be more effective at storing and finding time-sensitive and relevant data without straining technology or human resources."

Founded in 1999, MetaCarta technology bridges the gap between Geographic Information Systems (GIS) and document retrieval. Its flagship product, MetaCarta Geographic Text Search™ (GTS), boosts productivity by reducing the number of person-hours involved in searching, sorting, and reading large volumes of documents. The new round of funding will enable the organization to growth its position in the government and energy markets, expand its product line, and extend market leadership into new market segments. The company has offices in Cambridge, MA, Vienna, VA, and Houston.

MetaCarta GTS uses natural language processing to identify implied and explicit references to geographic locations within documents. The solution marks documents with appropriate latitude and longitude coordinates, and then enables a search for marked documents through a Graphical User Interface (GUI). Users search for documents using a combination of geographic location and keywords. Documents appear as icons on a digital map. The location of each document icon coincides with the geographic locations mentioned within the document. To locate documents relative to a specific location, MetaCarta GTS renders a map appropriately speckled with icons representing every document that includes text pertaining to the identified location. By clicking on a document icon, a user gains direct access to the original document in its entirety.

"MetaCarta continues to grow upon early successes. Our company's vision, and our employees' effort, expertise, and execution continues to drive our growing recognition and product acceptance within government and energy markets," states John Frank, founder of MetaCarta. "This latest investment is a testament to our organization's ability to deliver valuable solutions in support of mission critical customer needs."

# # #

To learn more about Chisholm Private Capital Partners, please visit www.chisholmvc.com.

More News from Chisholm

   
         
         
   
© 2004 Chisholm Private Capital Partners, LC