Placer has raised a total of $268 million, including a $100 million Series C led by Josh Buckley in January 2022, which brought its valuation to $1 billion and earned it unicorn status. By July 2024, a $75 million Series D round pushed its valuation to $1.5 billion. Founded in 2018 and based in Los Altos, California, the company employs 501–1,000 people and offers advanced location intelligence and analytics tools, helping enterprises make data-driven decisions through actionable geospatial insights.