Untrue to typical loud form in the press, deCarta quietly raised $10.5M towards yet another round of $21M financing - this one on top of about $40M raised over the years from multiple rounds. It's unbelievable that the company can continue to convince investors to spend more money when deCarta's core geospatial primitives such as geocoding, mapping, and routing have been reduced to commodities care of Google and Microsoft, and when more mobile & GPS device manufacturers now have their own processing engines.

deCarta is the last remaining platform vendor that emerged during the first spike of interest in location-based services around 2000 prior to the bubble burst, and that experienced some glory in 2004-2005 when the local search wars started. All other providers focused on simple geospatial primitive processing have either dried-up-died-and-been-buried, have been acquired (e.g. Kivera by TCS, Webraska by Sanef), or have left the business behind and moved on to more sophisticated offerings. With timing being everything, I suspect it's now too late to sell the company for a price that would reimburse investors for the contributions made over the years, and unlikely the company can make back the money in sales...