Big Data Analyst GeoSpock Closes Funding Round

In the UK, big data analysis platform GeoSpock has raised an additional $6.5m in closing its Series A round of funding, bringing the total to $13.2m.

GeoSpock's platform can analyse and chart trillions of geospatial and temporal data points in a time measured in milliseconds. The platform was conceived by Steve Marsh (pictured) while reading for his PhD in Computer Science at Cambridge University and founded as a business in 2013.

The funding addition was led by Cambridge Innovation Capital (CIC) with existing investors Parkwalk Advisors and Sir Michael Marshall, with Japanese investors Global Brain and 31 Ventures also involved. GeoSpock CEO Richard Baker says the funds will be used to expand the firm's commercial and engineering teams in the UK, Europe, Japan and the US.

Marsh adds: 'It's no longer enough to talk about big data; businesses are dealing with petabyte-scales of information and are seeking ways to extract meaningful answers from their data assets, which has to date been a costly and time-consuming process. Our architecture simplifies this process by improving speed and accuracy of analysis to drive actionable insights. The completion of this funding round enables GeoSpock to continue its rapid growth and provide solutions to help power smart infrastructure and future mobility services'.

Web site: www.geospock.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.