From Data to Dollars: NYC's Spatial Cluster

DOWNLOAD THE PDF REPORT
DOWNLOAD THE PDF REPORT
PUBLISHED
July 31, 2024
BY
Justus Kilian, Space Capital

As New York City experiences a spatial renaissance, a dynamic ecosystem of innovators and leaders is transforming geospatial data into actionable intelligence, driving value across diverse industries and markets.

New York City is in the midst of a spatial renaissance, driven by a vibrant cluster of founders, researchers, and sales teams who are building next-generation geospatial capabilities and creating value across various customer segments and end users. At Space Capital, we recognize the critical importance of this ecosystem in monetizing the space-based infrastructure developed over the past decade and integrating these capabilities into diverse end markets and use cases.

A variety of talented individuals and pioneering companies are leading this spatial renaissance. Key players include Matt Forrest, an expert in Spatial SQL and Field CTO/Product Marketing, who is instrumental in bridging the gap between complex geospatial data and practical applications. 

IMAGE: Matt Forrest, Spatial SQL expert and Justus KIlian, Partner at Space Capital

Companies like Carto are at the forefront of this movement, offering advanced location intelligence solutions that transform spatial data into actionable insights. Innovators such as Ryan Abernathey of Earthmover, Rema Matevosyan of NearSpace Labs, and Sina Kashuk of Fused are transforming spatial data into actionable intelligence. These insights are critical for real-world applications, as evidenced by Bessie Schwarz at Floodbase, who leverages geospatial data to enhance flood prediction and management, providing invaluable tools for disaster response.

Building cutting-edge geospatial technology is only part of the equation. The real challenge lies in integrating these capabilities into various end markets and ensuring their commercial success. Sales leaders like Peter Lenz of Connected Things and Cole Swain of Tomorrow.io play pivotal roles in this process, driving the adoption of geospatial solutions across industries. Leaders such as Thomas Walle of Unacast and Leo Bottrill of MapHubs are pioneering the use of spatial data for business intelligence and decision-making. Their work demonstrates the broad applications of geospatial technology, from enhancing retail strategies to improving urban planning. Jason Buck, CRO at Airworks, and Gabe Frangakis, CTO at Reveal Mobile, are also crucial players in developing business models that capitalize on the capabilities of modern geospatial infrastructure.

Dataplor, another significant player in NYC's spatial cluster, has built a robust team dedicated to making spatial data more accessible and useful for businesses around the world. Leaders like Emma Lisle, Lead Product Manager, and Rachel Hausmann, Director of Partnerships, are key to Dataplor's mission of enhancing data accuracy and integration. Their efforts ensure that businesses can leverage high-quality point of interest data for strategic decision-making and operational efficiency. One of the biggest challenges facing the geospatial industry is the monetization of data collection infrastructure. Over the past decade, significant investments have been made in developing advanced satellite networks and spatial data platforms. Now, the focus is on translating these investments into tangible returns. For instance, Evan Smith and Peter Swartz at Altana, are creating dynamic maps to enhance supply chain resilience and efficiency.

IMAGE: Geospatial gathering at the Space Capital office in Flatiron

Our publications, such as Entering the Spatial Era and Moving Beyond the Map, highlight the transformative potential of geospatial technology. Companies like Sidd Jha of Arbol exemplify how geospatial data is being integrated into insurance tech, providing more accurate risk assessments and innovative insurance solutions. Our Innovations in Insurance series further underscores the importance of geospatial data in enhancing the accuracy and efficiency of insurance products, driving better outcomes for insurers and policyholders alike. As explored in our Mapping Companies Improving Everyday Life series, companies such as Thomas Turnbull of Google Weather and Chris Whong of Mapbox are using spatial technology to deliver practical solutions that impact our daily routines. From weather forecasting to urban planning, their work demonstrates the impact of geospatial technology on various aspects of society.

The spatial renaissance in New York City is more than just a technological evolution; it's a critical ecosystem that supports the growth and integration of geospatial capabilities. This ecosystem includes a diverse range of stakeholders, from tech innovators and researchers to sales professionals and market integrators. Together, they are creating value, driving sales, and ensuring the commercial success of geospatial technologies. At Space Capital, we are proud to support and invest in this thriving community. Our expertise, as showcased in our GPS and GEOINT Playbooks and various blog series, underscores the importance of a holistic approach to geospatial technology. By fostering collaboration and innovation, we are helping to build a future where space-based infrastructure is seamlessly integrated into everyday life, creating value for governments, businesses, and consumers alike.

New York City’s spatial renaissance is a testament to the power of collaboration and innovation. As the ecosystem continues to grow and evolve, the integration of geospatial capabilities into end markets will unlock new opportunities and drive economic growth. At Space Capital, we remain committed to supporting this vibrant community and ensuring the continued success of the geospatial industry.

THE AUTHOR

THE AUTHORS

No items found.